Investing in a country with 15% interest rate for mortgage loan.
interest rate in my country for a mortgage loan is 15%. I found a great deal for a buy and hold property. But with a down payment of 20% and a 30 year mortgage loan it will take 2-3 years to obtain a positive cache flow. What should I do? I only have a capital to pay the 20%
It sounds like you found yourself a deal. Definitely buy it.
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