A financially independent real-estate investor who financed his latest property with a 2.5% interest rate explains the financing strategy he prefers to score low rates in today's market
The 34-year-old purchased his first two investment properties in Scottsdale, Arizona in 2021 and 2022 and turned them both into. By mid-2022, the cash flow from his two short-term rental units was enough to cover his family's expenses, allowing him to quit his day job and pursue his lofty goal of creating the largest affordable housing investment community in the US.
While He has a personal motivation for improving the affordable housing crisis, it can also make sense to invest in affordable housing to diversify your portfolio, he said:"I never like putting all my eggs in one basket. With short-term rentals, you can get super high cash flow, but who's to say another pandemic can't hit again and everything goes empty?"
He expects his affordable housing unit, which he's currently renovating, to profit $200 a month minimum. Part of the reason he'll be able to generate positive cash flow right away is because he has a 2.5% interest rate on the property. What is seller financing?
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