Hello everyone! I would like to hear from the experience of investors in the forum, who purchased ...
Original publication date on the United States Real Estate Forum on Facebook:
2019-01-03T21:08:50+0000
Hello everyone!
I would like to hear from the investors' experience in the forum, that they purchased income-producing property through Israeli financing. How does the cash flow fund your monthly debt payments? If, for example, the monthly rent is 350 net, it takes several months until the cumulative amount reaches the minimum transfer amount of most money transfer providers (about $ 2,000)?
Link to the original post on the United States Real Estate Forum on Facebook
If you can not own the financing and house expenses for 6 months .. Do not go into a deal like this
If you have a bank account where you will spend dollars every month and two months through ATM. Or ask the management company to send you a check every two months.
In any case be dependent on the monthly level of the loan in this country is not healthy you must at least half a year Grace that will give you quiet, what if the tenant came out? What if there is an expense that was not planned?
Successfully.
Rippins can be done after a few years ..
And anyway you need it to hurt your standard of living…
Even when the property is not rented for 6 months…
Can send you an interesting table that I prepared for someone exactly on this question
Good question, most investors take a loan that will not depend on income from the property - those who depend on the property need stability and if you invest in an area with a low income it will be difficult to obtain it…
Another option is a balloon / grace loan and then the monthly payment is lower and you have to take into account the repayment of the loan after a few years - ie the sale of the property and what happens if there is a recession