All Forum Posts by: Ian Jeppsen

Yup purchased the property 3 years ago. 15 year loan gave me the ultra low rate. In retrospect I could have done a 30yr loan and cash flowed about $800/month. I’m renting the property for fair market value. 

Even though I’m essentially paying for repairs out of pocket the equity gain may outweigh the cash flow alternative. 

Currently renting a single family home purchased with a 15yr 2.25% loan. Have about 100k equity. Current income has me breaking even. 

I'm considering selling to purchase a STR or other property that has higher cash flows but obviously wouldn't have the low interest rate.

Please share your advice and things to consider when analyzing my options!