Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Leaving area with no plans to return -- sell or rent house?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Here's what I would do. Since you are living here now, I would do a cash out refi at a low 30 year fixed rate. You'll then have money for a down payment on your new house, you'll have a low 30 year fixed rate on your newly converted rental (where do you think rates will be 10 years from now? I don't know, but I'm guessing higher! Also, if this is a gentrifying area, your rents will be much higher in 10 years while your mortgage remains the same). It may not cashflow at 500-600/month now, but it will in the future. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
