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Hi, :welcome: A series of economic factors have succeeded in pushing down mortgage rates still further.

hi allI think I have found a good prperty investment and would like to know your opinion.listed at 310000taxes for 06: 3300my loan: 80/20 6.9%/9.9% (eliminates PMI)what other numbers are necessary are a determining factor for purchasing?

The number I have to be at or below for me to consider a deal (unless there are other factors brought to my attention) is .70 cents on the dollar or LESS.

It seems I have a bit to learn about financing, construction and how that factors into your overall ROI.

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I suppose with the 70% factors in all the mishaps, and fees to sell the house etc?

Usury is actually factored on the effective interest rate, otherwise known as the annual percentage rate or APR.

To me it seems like a simple problem containing two factors; 1. the mortgage (including taxes insurance etc), 2. the rent.The only solution I can is to to make RENT greater than MORTGAGE.

I was pretty sure that was the way it worked, but wanted to make sure so that I can factor that in when thinking of my cash flow.