The TRUTH About High Hard Money Interest Rates! 🤯
Think the interest rate is the most expensive part of a hard money loan? 🛑 Couldn't be further from the truth! A lot of investors freak out over a 12% interest rate, but it is actually the cheapest part of the loan because the timeline is completely in your control. Let's break down the math: a 12% annual interest rate breaks down to just 1% of the loan amount due each month (interest only). If it takes you 3 months to rehab a property and 3 months to sell it, you are only holding the loan for 6 months. That means you are really only paying 6% in total interest! Because you dictate how fast you finish the project, the actual cost of the interest rate is firmly in your hands. Don't let a 12% rate scare you away from a highly profitable deal! Are you letting interest rates hold you back from your next big real estate project? Let me know in the comments below! 👇 And make sure to hit that SUBSCRIBE button for more real estate funding SECRETS! 🔔 #RealEstateInvesting #HardMoneyLoans #RealEstateTruth #HouseFlipping #InvestingTips
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