12 which including the 8 fee paid from the loan amount, would have a total cost of 1,720. Representative 18. 23 APR. ARE THERE ANY FEES.
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Leveraging is using other peoples money for investments so you use less of your own money. By using other peoples money, you can buy more properties and increase your returns on the total cash invested. If you pay cash versus getting a loan, your returns decrease dramatically, and all the benefits of owning rental properties decrease as well. Why do you get a higher return on your money when you get a loan instead of paying cash for a rental.
I am going to use some basic figures to outline the benefits of leveraging your money. If you buy a 100,000 house with cash and make 500 a month in cash flow, you are making about 6 percent cash on cash returns. Cash on cash return is the return you are seeing on the cash you have personal loans for credit score of 570 into the property.