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Rock Steady · 04-12-2006, 01:23 PM

Thanks for the discussion, guys. I'm not going to act on this particular property because I am not yet prepared to be a wise buyer. I am still learning about much of this.

I am figuring on $9,913/mo for a 100% mortgage. The down payment would be a mortgage on my house. So, I have to consider that to be part of the investment capital. At 9913 versus 10800 it becomes much less clear. Vacancy becomes more of an issue. Although, I forgot about depreciation. The tax consequences often make it worthwhile.

I never buy those "For Dummies" books, but I just bit the bullet on this one. "Real Estate Investing for Dummies". Reminds me that I am a novice outside my area of expertise.

04-12-2006, 01:23 PM	#4
Rock Steady Day Tripper Join Date: May 2005 Location: Silicon Valley Posts: 784	Thanks for the discussion, guys. I'm not going to act on this particular property because I am not yet prepared to be a wise buyer. I am still learning about much of this. I am figuring on $9,913/mo for a 100% mortgage. The down payment would be a mortgage on my house. So, I have to consider that to be part of the investment capital. At 9913 versus 10800 it becomes much less clear. Vacancy becomes more of an issue. Although, I forgot about depreciation. The tax consequences often make it worthwhile. I never buy those "For Dummies" books, but I just bit the bullet on this one. "Real Estate Investing for Dummies". Reminds me that I am a novice outside my area of expertise. __________________