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Updated almost 6 years ago,

Jim Growfer's profile image
Jim Growfer's profile image
Jim Growfer
  • Member since Oct 20, 2018
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92
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Jim Growfer's profile image
Jim Growfer's profile image
Jim Growfer
  • Member since Oct 20, 2018
Connect
Jim Growfer
10
Votes |
92
Posts
Multi-Family and Apartment Investing

How to figure out my Debt Coverage? 7% factor?

Jim Growfer
Posted

Can I use 7% interest as a conservative number to figure out my mortgage payments?   

If i got $1,000,000 Lent to me. I would pay 70k in mortgage payments per year

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