Here's an Innovative Strategey

3 Replies

If you are purchasing investment properties and hanging on to them for a while, doing lease options etc... you can greatly improve your cashflow by doing an interest only loan on the property, you lower payments drastically, improve your cash flow and free up your money for more investment opportunities.

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I've thought about this myself as an option, but can you elaborate more? I know interest only loans come usually in 5 to 10 year increments before you have to start paying on the principle as well, but are there penalties (I'm guessing there are) for flipping the property shortly before that transition happens? And, is it possible to decide to hold onto the property, but refinance for a different mortgage option that would still not have you paying full rates?

B

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