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How long will it take for the apartment income to retire the loan?

April 26, 2017apartment income loan retire

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How long will it take for the apartment income to retire the loan?

1 Answer

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10 Posted

The loan will be processed as a twenty-five year loan, but the projected income from the apartments (allowing for maintenance as well as rent increases) projects a pay-off in 15 years. Any extra income from the apartments will be used to shorten the time as much as possible.