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Updated over 5 years ago on . Most recent reply

John Zoumboulis's profile image
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John Zoumboulis
  • Member since Jul 29, 2019
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John Zoumboulis's profile image
John Zoumboulis's profile image
John Zoumboulis
  • Member since Jul 29, 2019
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John Zoumboulis
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Need financial advice please.

John Zoumboulis
Posted

Heloc is at 5.2% pay only interest for the 10 years? Tenant is in place 775.00 10% propmngmt fee,taxes 80.00/mnth insurance 40.00. Purchase price 59,500.00. Valued as is 72k. Heloc is for 10 years just prime what happens after 10 years I’ll owe 30k?  With capital control expenses and unoccupied contingency money I’ll be just about even. Need help please.

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