Does your rental cash flow?
I was figuring out an offer to put in on this one prop. to make sure that the rent would cover my expenses and then some....
Then I got to thinking...hell, that is always going to be my offer on EVERY house that rents for this perticular amount!
(This particular house can rent for 1200. So I can't have a mortgage for anymore than 140k @ 5.75%.
PITI would be around 1100...cash flow of 100)
So anything over 170k with 30k down wouldn't be a deal!
see what I mean?
what do you think
Don't Wish the Past, Create the Future! - DH