Updated over 3 years ago on . Most recent reply
Is it worth the investment
Very close to signing contract on a new construction townhome. Putting 25% down. After receiving a quote from the lender at the investment interest rate, the best case scenario would be the rent equals the mortgage payment (including insurance + HOA).
On the flip side, I can also pay down the mortgage if need be. Though prefer not to, as I want to use the interest payment to lower my W2 taxable income. Using lender as there is a 2% lender closing cost advantage. Any recommendations on should i move ahead or walk away?