Quote:
Originally Posted by Instrument 41
Thanks for the "food for thought". As a sideline to this I just left the bank and of course they don't think its a good idea. Duh... But he did say something that has got me thinking. I asked about inflation or hyper inflation. He said that this more a probability than a possibility. So IF I do the deal based off a 3 to 5 year balloon note and we are in inflation and rates are 11% then I am really screwed?? How do feel about that scenario?
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Don't ever tie yourself to a balloon payment.