Is it worth taking out a mortgage for any purpose in favor of buying a property? This is a prime plus 4 or so… (“…

Want to buy an apartment that I can rent out, understand that it requires lots of procedures. My budget 300-500 a ...

Should You Take A Mortgage For Any Purpose To Buy A Property? It's about Frame Plus 4 or so…
("Money locked in the walls of the existing apartment")
In this case, the goal probably will not be to generate current, but in the long term it will remain an asset that will yield in the future.
Thank you for the wisdom of the masses

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Responses

  1. In my opinion it is worth and I will explain;
    If you find a good investment with a return of say 10 percent and you have to pay back 5 percent to bank then every year you earned 5 percent on money that is not yours!
    Just make sure your refunds don't hurt you with cash flow and even a small margin for repairs. That is, if you receive 5000 from your investment, then make sure the returns are 4000 each month. That's how you even get into 1000 positive cash flow a month.
    Successfully ?

  2. Did you get Frame + 4 in tatters?
    There are more banks, at prime interest + 2 .. Of course, it depends on your data. In answer to your question, no, it doesn't pay off. You will probably make a return of 3.5-4% but pay interest of 5-6%, this is not the best deal unless there is a real improvement soon