So the question states: Select a private residence currently on the market. Acqu

Question

So the question states: Select a private residence currently on the market. Acquire information, estimate costs, and generate a cash flow associated with investing in the residence.Based on your results, determine the after-tax income that you will need in order to afford the residence. Note that being qualified for a mortgage does not necessarily mean that one can actually "afford" the residence. I am NOT asking anyone to write this report for me by any means. Any tips or suggestions on how to proceed would be greatly appreciated, thank you.

Explanation / Answer

get cost of the residence decide the time by which you want to clear your mortgage look into savings and decide for the down-payment based on the EMI (principal+ interest) + your monthly expenditure you can calculate your after tax income

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