[quote=flu][quote=flu][quote=captcha]Do you plan to keep your current house (and mortgage) when you find an adequate move up property?[/quote]

yes.[/quote]

Correction. yes sort of…

I’m not sure why though… It would suck as a rental because even with a 15 year loan, I could probably cash flow it right now only $300/month after taxes interest/etc . That’s not too good because the equity in the place would be close to $460k. That would suck major donkey ass in terms of ROI.

Then again, I would have someone else paying for the remainder of the principal. Not sure if it would make more sense to sell and just buy investments that flows right away. Still haven’t figured out what to do. That said, my monthly is less then rent by about 1000 bucks a month and not like I can earn *that* much on my principal in CD now anyway.

I would refi back to a 30 year, but for some reason I just can’t bring myself to do that. In theory as a rental, I should because it would just lower my cost. In practice, may not be a rental for some time, in which case I want my payments to be going toward principal as much as possible. Then again, I’m going to be refinancing back out to the maximum limit to take advantage low interest rates and sidelining the money for more rental property should they be available. Then again, I don’t know when that might be. Then again, I might not need it because my company compensation package fully vest by the end of the year. Then again who knows where the stock market will be by then and what the tax rate will be next year. Then again, i can get hit by a bus tomorrow and it doesn’t really matter….

Decisions decisions decisions.[/quote]

Payments towards equity on a 15 year loan on a rental would be a blast to watch and was sooo tempting for us but, in the end, we opted for the safety of lower payments on a 30. The next decision was to put cash flow towards extra paymenst or save for another rental – where’s the inventory btw : )