Read Millionaire Fastlane
- Oct 1, 2007
I'm thinking about getting a house when my rent ends in two months. I've been looking at houses that will cost me about $700ish a month for mortgage payments. My rent right now is $825 a month. I currently have a cashflow from my salary after expenses of about $700. My plan is to move into this house for about a year and fix it up during my stay. It's not that bad of a house maybe just some cosmetic works on the inside. Then after it's been fixed up a little I'm planing on moving on and buying another house at that price range and do the same thing until I get a decent cashflow. Does that sound like a good idea? How can I figure out my cashflow and ROI?
Don't like ads? Remove them while supporting the forum. Subscribe.