Archive for July, 2008

Jul 14 2008

2116 Refinanced

Published by under 2116 Bixler

Whew. Okay so I finally got the refinance loan done on my homevestors rehab deal.
I am sad to report though that after taxes and insurance, this property will have a negative cashflow of about $140/mo. So it’s in my interest to liquidate this one as soon as possible and see exactly how much of that $30k in equity is real. 

All in all, it has been a simple, relatively stress free transaction.
$  500 down
$2,700 loan payments
$  693 refi closing costs

$3,893 –   Total Costs
$122,500 –   Outstanding Loan

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