For example do you have a great w2 and can you afford to cover costs of a major repair or 3 months of vacancy?

I have a hard money lender at 10%, who will amortize at 30 years, with 5 year balloon so a potential loan of $200k is in the works.

Purchase price: $72,000 Cash invested: $107,600Case Study: Cockroaches to Cash FlowProperty AcquisitionI found this property through MLS.

If you have extra cash at the end of the month, then do double up payments on the mortgages so the principle is reduced and this will increase your heloc room.

And also just became an agent a few months ago!

My overall goal is to generate monthly cash flow, and my current property might be a better rental option since it has equity.I’m also considering starting a business and purchasing the next property in the business’s name.

No qualifying and the ability to use your money to purchase something else?

@Zach Howard the winter months are also the worst time to sell a property!

The amount will be $2,507 every month ($30,084 every year).

We are definitely likely going to see a drop in interest rates, which means you could always refinance in the future too to further reduce your monthly payments.