What's the move here... Advice?

[John Sween]

Option 1 – Regular Saving/ No new action

Save approximately $7,000 per month. To reach the same $90,000 would take almost 13 months of savings.

Option 2 – Cash out of my primary residence / Buy quickly if something is found.

Cash flow increase by about $1800-2300 per month depending on rents and accounting for property manager.

So New savings goes to $8800-$9300 x 13 months = $114,400 - $120,900

Option 3 – Cash out/ Cant find any property within 13 months

Cash flow decreases by $1,500. Total cash to purchase increases $90,000.

$5,500 x 13 months = $71,500 + $90,000 from cash out = $161,500.

With option 1, you don’t have the ability to purchase if something shows up on market.

With option 2, you increase your cash flow and gain an equity-growing asset.

With option 3, you are still ahead of the savings in option 1 and you have the opportunity if there is something that comes to market.

I own (2) houses say A and B. My interest rates will go from House A- 2.35% to 5%. House B- 3.5% to 5% as well. The biggest thing that is killing me is the interest rates. I probably wont see them this low for a while.