All Forum Posts by: Account Closed

I am thinking to hold the property as long as it cash flow... it's a $300 difference in cash flow every month for at least the first 7 years!

Thank you Anthony, 

Paul, I shopped around and it is really hard to get a loan on a manufactured home they do not offer a 30 year fixed.

Good Morning, 

I am making the move on my first rental property. I narrowed it down to 2 mortgages options and I am having a hard time making a decision: 

Here are my options: 

15 years fixed rate at 4.625% payments = $954.6/ month

30 year ARM fixed for 7 years is 4.75% + 1 point payments = $645/ month

I already have renters for $1700 a month. 

Any thoughts would be really appreciated 

Thank you