Quote:
Originally Posted by roastbeef
Quote:
Originally Posted by bimmer456
Yes second properties that are not your primary residence have higher interest rates. If you plan on renting them out this could affect the rate as well.
|
right. 3.5% on a rental is phenomenal... i'm thinking he might have a 15 year. |
If he's only holding on to them for a couple of months before flipping maybe it makes sense, but an all cash deal would be better. Maybe if you're starting out in the flipping game you might have to finance though.