Your houses would be worth 100,000 so you are not losing any money if the market goes down and you bought below market value. If you bought one house with cash below market value you would be in the same boat. If you are able to get even better deals and bought the houses for 90,000 that were worth 125,000 then you would actually still be in good shape if the market goes down 20 percent.
You would have three houses worth 100,000 that you bought for 90,000. You would have 30,000 in equity from buying below market value.
If you only bought one house for 90,000 with cash and the market went cash advance where you can pay utilities 20 percent, you would only have 10,000 in equity from buying below market value. This number can be manipulated to show how cash or a loan is better depending on how much the prices decrease, how much of a discount you bought the houses for in addition to other factors.
We cannot guarantee any APR since we are not a lender ourselves. An APR can generally run between 6 up to 35. Loan products general have a 2-month minimum repayment term and a 84-month maximum repayment term.
Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site. Repayment Terms. Loans include a minimum repayment plan of 2 months and a maximum repayment plan of 84 months.
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