QUOTE (willy @ Oct 20 2008, 05:15 PM) Think it`ll cash flow?
www.the11dollarhouse.com
Hmmmm.... I don`t know... the intial capital outlay seems a little steep to me.
Assuming 35 years at 5% down, you`re looking at a mortgage of $10.45, which translates to a monthly mortgage payment of $0.06. At mortgage payout you will have spent a staggering $10.21 in interest alone... for an overall investment of $21.21
The question you must ask yourself is whether you believe this house will be worth more than $21.21 35 years from now?
Plus, this also assumes you can come up with the $0.55 down payment.
It all just seems a little too tight to me - I wouldn`t risk it.
www.the11dollarhouse.com
Hmmmm.... I don`t know... the intial capital outlay seems a little steep to me.
Assuming 35 years at 5% down, you`re looking at a mortgage of $10.45, which translates to a monthly mortgage payment of $0.06. At mortgage payout you will have spent a staggering $10.21 in interest alone... for an overall investment of $21.21
The question you must ask yourself is whether you believe this house will be worth more than $21.21 35 years from now?
Plus, this also assumes you can come up with the $0.55 down payment.
It all just seems a little too tight to me - I wouldn`t risk it.
