The flexibility of interest-only payments! #virtualwholesaling #paynelessflipping

Name: The flexibility of interest-only payments! #virtualwholesaling #paynelessflipping
Uploaded: 2024-10-27T15:00:24+00:00
Duration: 19 s
Channel: Nathan Payne
Description: Interest-only payments let you set a monthly amount that covers just interest while the principal stays at 90% of the home's value. The seller gets…

27 Oct 2024 · 0 min

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Interest-only payments let you set a monthly amount that covers just interest while the principal stays at 90% of the home's value. The seller gets steady cash flow and actually gains value the longer repayment is delayed, making it useful for virtual wholesaling deals.

That's the kind of cool thing about this too, is you, you can set the payment every month to a price that you like. So not that you want it to take longer, but it's like, well, you are getting paid every month interest-only payments that don't take away the principal of the home, uh, the 90%. So it's almost like, well, you're benefiting more and more the longer they wait if you set it up that way.