Lux Investing
What is the best place to borrow money for investment with low interest, flexible and fixed payment?
I began building credit for a year now. I havent had done anything to compromise my credit. I have a permanent job, I'm working as a full-time nurse, so is my wife. What does it take to be able to borrow huge amount with low interest and flexible payments. I want to invest on rental property so i can use the rental payment to pay the loan partially or fully. my goal is to generate an income out of the property. thanks in advance for your response.
Public Comments
- What it takes to borrow a "huge amount" is a good credit record and a "huge income" to make the payments.
- Starting slow and small will limit your risk. Buy a property to live in with a 30 year fixed. Live in it for a year and then rent it out. Then buy a second property, and you will be in a position to repeat the process in a year.
