Should I do this deal?
Should I do one or both of these deals? Mason
1) Purchase price $94000
Needs $12000
$20000 down
30 year mortgage
$530 payment PITI Rents for $1000 Cash Flow is $470.
ARV is 120K
2) Purchase price $90000
Needs $10000
$20000 down
60 mos no interest
$500 payment ($30000 over 5 years principal pay down)
Rents for $1000 Cash flow is $330 after taxes and insurance.
ARV is 120K