decent deal?
doing a short sale (accepted) on a condo for 57k; rehab costs around 5k. Rents are 800-850, hoa is 204. Paid cash for it. A 10% back to my IRA, plus it should sell for 80k today; near 100k in good times.
Debating on financing this though (I'm told a 60% loan) to free up that cash to try to do another. Opinions? Like, dumest deal ever or mediocre deal or good one- if you finance? Thanks,