I have a 85K house I'm renting out. 65K and then 20K in improvements. I pay about $700 a month for the HELOC and mortgage combined. The renters pay $725 a month so it is cash flowing barely.
I have 15K left in school loans
Have a car I pay $400/Month for loan/Insurance
Have no other debt.
I am renting a place where I live now, but my work pays for rent.
With the stock market falling everyday I am seeing an opportunity to invest the money in that at some point. I can get some of these things for pennies on the dollar. I have always heard the saying that you should never attempt to catch a falling knife, but when does the knife hit the table?
Please offer me some advice, thanks.
I have 15K left in school loans
Have a car I pay $400/Month for loan/Insurance
Have no other debt.
I am renting a place where I live now, but my work pays for rent.
With the stock market falling everyday I am seeing an opportunity to invest the money in that at some point. I can get some of these things for pennies on the dollar. I have always heard the saying that you should never attempt to catch a falling knife, but when does the knife hit the table?
Please offer me some advice, thanks.