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Non-Cattle Specific Topics
Coffee Shop
how much is to much.
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<blockquote data-quote="Cross-7" data-source="post: 1411036" data-attributes="member: 24538"><p>Say it's a 200k property </p><p>Asking is 250k </p><p>75% loan 150k </p><p>Leaves 100k out of pocket </p><p>Payment of about 15k a year </p><p>If it can make the payment ? </p><p></p><p>The problem is if a situation arises and it has to be sold </p><p>It's only worth 200k and you lose 50k plus the interest paid</p></blockquote><p></p>
[QUOTE="Cross-7, post: 1411036, member: 24538"] Say it's a 200k property Asking is 250k 75% loan 150k Leaves 100k out of pocket Payment of about 15k a year If it can make the payment ? The problem is if a situation arises and it has to be sold It's only worth 200k and you lose 50k plus the interest paid [/QUOTE]
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Non-Cattle Specific Topics
Coffee Shop
how much is to much.
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