All Forum Posts by: Erik Powell

Hi Gina!  I will call tomorrow!  Thanks!  Erik

Hi Gina!  I am interested.  I just moved to this area and am looking for some more rentals.  Thanks!

That makes sense on maximizing cash flow - does your COC stay the same regardless of how long you do the loan for?

ie. - 15 year loan Cash on Cash at 10% and

for a 30 year loan then Cash on Cash needs to be 12% as an example?

Is there a rule of thumb?  If I make it always a 30 year then it more likely pencils, but is there further info that discusses which way to go on this?

Hello all,

I have a question on what term to use for a loan?  I have heard 15 years with a Cash on Cash of at least 10%.  However, last night Brandon in his webinar used 30 years for his deal he analyzed.  Is there a discussion or some rules of thumbs on this at all?  I am a little confused and looking at a couple of deals that make no sense using the 15 years, but start looking OK at 30 years.

Thanks!