[quote=gzz]Is the ROE so low for the primary because it isn’t rented?
You got to live there however, so you need to add what the government calls owner’s equivalent rent into the returns there.
Kudos for twice pulling the trigger during the pandemic too.[/quote]
gzz,
Good point, I should add that, my primary would probably go for about $5300/month in this market. At the moment, I didn’t include that but you are correct.
I was fortunate that I received a reasonable inheritance in 2020. I had thought about buying more for a few years but the timing did work out.
The pickup in 92127 made me a little nervous and briefly I thought I may have overpaid but found out quickly I was on the right side of it.
My friend who trades bitcoin/stocks was discouraging me from buying more.
The second house was contracted in August 2020 but only closed this year, it was a BK as the seller had to complete that process which took six months. So kind of a rare situation big picture. But patience paid off.
