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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: UnBelievable who wrote (54311)	6/15/2000 7:25:00 PM
From: Benkea	Read Replies (2) \| Respond to of 99985

Unbelievable: Just a thought, but you could probably rent your house out for quite a bit more than your mortgage if you have the equity for your new house. Rents will continue to rise for the remaining 28 years of your loan while your mortgage cost stays the same. Annual insurance and tax increases should be minimal. I also view a 7% fixed rate tax deductable loan as quite an asset currently. Luckily, I did buy down one I took out in 7/98 on a rental at 6 1/4% fixed for 30 years. I've raised the rents 20% in each of the last two years since purchase while the montly expense has remained pretty flat :-) Return on invested capital keeps soaring with every annual rental increase. I only wish I'd put all my money in such opportunities in the Summer of 1998.