Some of you might have already suggested some ways for me to deal with my alligator. To recap:
Can anyone help me analyze this idea with a formula of some kind? The variables I can think of are:
- $175K, purchased with $35K (20%) in January @ 5.75%.
- $870 mortgage, insurance + $95 HOA - $800 rent = -$165 cashflow. :smxE:
Can anyone help me analyze this idea with a formula of some kind? The variables I can think of are:
- The interest on the 2nd or HELOC.
- The interest on the new property (or properties).
- Standard cashflow analysis on the new property (or properties).
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