re: TOS: Being a landlord

quote:

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 The finance rep will tell you no problem, we refi before the balloon and you'll have more equity and we'll slide you into something sweet... it is a lie. 

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Skimmed through but listen to this. Not saying it's gonna happen but I know a lot of people who got fricked by this when shite hit the fan in 08.

I wouldn't do a balloon on a long term investment right now anyway. Rate are stupid low. Lock in at a 15 even if you're paying 4-6% for it being rental you'll be fine in long run. Remember.... long run.....