First mtg.s don't go by a percentage haircut.

I thought I will go ahead and refinance it to 15 yr, based on my calculations at the available percentage rates and how much % rate I can get approved at (based on my credit history), with 15 yr fixed, I would pay about couple hundred more each month compared to my existing loan.With that said, my questions are:1.

Javon Rice,There are a lot of variables left out of this equation, such as repair costs, but you're on the right track.

It comes at variable interest rates (typically prime lending rate plus same small percentage, so if the prime rate goes up, then your interest rate goes up.

For instance if my cost of money is 6% then I want 3 percentage points higher for my return.

As basic needs (food, housing, fuel) consume a larger percentage of wages then there would be less money for the extra’s in life.

The capital gains generally tends to be higher in more desirable areas, especially where land is limited.So as an investment, a low yielding piece of real estate dis not always completely irrational as an investment and personally, I am a strong believer that in todays market with so much information at our finger tips, prices and percentage returns and yields tend to be a good reflection of risk.Just my opinion base don my investment style.

What I would like to do is get a spreadsheet where I could factor in his money and and also show him what kind of percentage I can offer him on his investment.

Are you doing fixed or variable rate?

I have been in touch with both the companies directly, as well as tower companies who build the structures themselves and then get wireless companies to lease space for a percentage of the revenue.