Potential good news for me about my debt
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|Mon, 03-31-2003 - 10:05am|
My brother has a 3 family rental property that he's refinancing. After the refi, he's getting a home equity line of credit b/c he needs to put a new roof on the place, and he's offered to put my $7000 in debt on his HE loan and have his tenants pay off my bills!
It sounds crazy to me, but he clears over $1000 a month on the house as it is, so his tenants should have the roof and my bills paid off by the end of the year!
If this all works, I'll be able to put about $500 a month in savings! If not more!
Of course I'm still just going to keep snowflaking & being careful with my money in case his plan falls through.... It's definitely a nice surprise though. I have a great brother!