I have used interest only to my advantage and have made the recommendations that HLS is making. That was when it was a good time, I mean fool proof, time to buy or leverage property.
I also had 50% equity at the time, spread through a few properties. There were practically zero foreclosures in the market.Right now the only reason to go interest only with very little down is if you have 50% above and beyond the purchase price in a relatively safe investment or if you don’t mind the risk of foreclosure or if you planned on cashing out and going to Mexico.IMHO
