Replies

To: petercooper

Take the $650K, buy 26,000 shares of Altria (MO) and generate about $40K per yr in dividends. And reinvest the divs of course..

How does he pay the P+I on the 650K like that, I gueuss around 4000 / monthe before real estate property taxes.

22 posted on 02/28/2011 11:27:22 AM PST by central_va (I won't be reconstructed, and I do not give a damn.)

To: central_va

Yes I guess you would need to pay the mortgage...

32 posted on 02/28/2011 12:07:16 PM PST by petercooper (Purge the RINO's.)

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