#090 Big Money Monday terms you need to know Collateral, LTV, Promissory Note

My goal is for you to know how the banking system works at a basic level. Terms you need to know are: Collateral, LTV, Promissory Note. Questions covered today as well: How come some banks are willing to loan money on rental properties, and others are not?  What are balloons?  Should I use them, or avoid them?  What are the risks? Robert Allen says to buy property with nothing down.  Dave Ramsey says to avoid debt and pay cash.  Who am I supposed to listen to? What’s your question? Share it! Go to this link ask.savvylandlord.me or go to www.savvyradioshow.com and leave a voice mail!