Investor · Leominster, MA · Member since 2011 · 1k+ posts · 589 votes
11y
What about maintenance/repairs, vacancy, common utilities, any other expenses? As long as your cash flow is positive you should be ok. Better off? Your cash flow would be better with the d/p. Its all relative to your investment criteria @Michael Madden. Cash on cash looks better with no d/p.
Im paying cash and doing a cashout rifi at 4.75 amort. 25 years
Since my out of pocket is basically 0, am I in better shape than a conv. loan and putting down 25%?
Im figuring a return of 6k year after all expenses.
Looks like a killer if you got all the numbers right. 0 out of pocket is 0 risk. you may need to give away the cashflow for the first year towards repairs and improvements, but at least gain some equity payed by your tenants.