We’ll suppose you have owned a small apartment

March 10th, 2010 10:17am

We’ll suppose you have owned a small apartment building for several years. Now, let’s look at an example. A good rental realestate generates more income as rents go up. Isn’t [...] Here’s why. Doesn’t that sound better than losing a big chunk of your equity to taxes? There are two problems with selling. You will do better to refinance. If the new interest rate is 6.5%, your new payment will be $2295. If a bank will funding you 70% of the value, that would be $392,000.
Brigantine Homes

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