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I have been back and forth with buying a property which may yield me 8-10% ROI.
The real being, I feel like RE is limited. One thing I purely dislike is having a limit on my profit.
Another question since i am inexperienced with real estate is how I should start with my first property ownership. Should I take out a mortgage?. Whats a good interest rate on long term loans, 10 year or 15 year?
The way I see it is putting between 30-50% LTV with rent paying my monthly loan rate is the way to go. Is this a correct approach?
Any advice would be appreciated,
World
The real being, I feel like RE is limited. One thing I purely dislike is having a limit on my profit.
Another question since i am inexperienced with real estate is how I should start with my first property ownership. Should I take out a mortgage?. Whats a good interest rate on long term loans, 10 year or 15 year?
The way I see it is putting between 30-50% LTV with rent paying my monthly loan rate is the way to go. Is this a correct approach?
Any advice would be appreciated,
World
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