Quote:
Originally Posted by Locke
If it was a money-pit, thats one thing, but by all indications it could pay its own way so it isnt a terrible sacrifice.
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It really all depends. If it was paying its own way, but didn't have a mortgage because the land an building had been paid off decades ago, that changes things when it is sold and the land alone is worth a lot. Let's say it's worth $1 million, now you have to factor in an extra $3000 per month in mortgage payments.
Could be the tipping point between being slightly profitable, and being too risky of an investment.