Ok this is what keeps me up at night....or close to the sidelines.
lets say you bring home 2k a month
after your PR mortgage and all other bills car...ect.
you have about 300 bucks left at the end of the month.
Now lets say you find that deal buy it for 200k put in 20k, ARV is 260k. (if you sold now you would break even at best) But in 2 years you know it will go back to the mid 300k's
You fix, hold and rent.....
ahhh but you cant find a renter...and you obviously cant afford the investment house mortgage along with your personal mort, and bills.
So what do you do?!?!? (dont say just sell it)
Really, what the hell do YOU do?????
This is what kills me...
Don't Wish the Past, Create the Future! - DH