Another I want to buy a condo, then rent it out thread.

[saiine]

Thanks SDR. When you said “numbers I use”, what do you mean exactly? I actually have started a spreadsheet, factoring in not only finances, but self scores on things such as parking, walking, area, etc. These are definite contributors to my decision because as I said, I need to live there for several years.

Come day 1, I would like to get a renter in one of the bedrooms to help pay towards the mortgage.

Good point about repairs and vacancy. When you said the numbers didn’t make sense what did you mean exactly? This is what I want to hear, as it will help me get better at this.

[saiine]

sdrealtor, you’re right actually. Fudged those based on other rentals in the area. But I found this so I’ll need to update. http://sandiego.craigslist.org/csd/apa/2227322045.html

[saiine]

sdrealtor, you’re right actually. Fudged those based on other rentals in the area. But I found this so I’ll need to update. http://sandiego.craigslist.org/csd/apa/2227322045.html

[saiine]

sdrealtor, you’re right actually. Fudged those based on other rentals in the area. But I found this so I’ll need to update. http://sandiego.craigslist.org/csd/apa/2227322045.html

[saiine]

sdrealtor, you’re right actually. Fudged those based on other rentals in the area. But I found this so I’ll need to update. http://sandiego.craigslist.org/csd/apa/2227322045.html

[saiine]

sdrealtor, you’re right actually. Fudged those based on other rentals in the area. But I found this so I’ll need to update. http://sandiego.craigslist.org/csd/apa/2227322045.html

[SD Realtor]

Hi Saiine. What I meant that the numbers were not right was that I didn’t know that you had all those items I mentioned factored in.

So roughly you have

Mortgage payment + HOA + estimate for annual repairs + cost of vacancy + property tax + HOA

MINUS

Rental Income

to get your cash flow.

So if your numbers included all of those items then they are okay, I am not sure if they did or not. Now I also said roughly because those are the items that just came to mind, I may have missed one or two.

Now this is only with reference to cash flow. On the flip side the benefits are depreciation and you can expense other things that you could not when the home was owner occupied.

[SD Realtor]

Hi Saiine. What I meant that the numbers were not right was that I didn’t know that you had all those items I mentioned factored in.

So roughly you have

Mortgage payment + HOA + estimate for annual repairs + cost of vacancy + property tax + HOA

MINUS

Rental Income

to get your cash flow.

So if your numbers included all of those items then they are okay, I am not sure if they did or not. Now I also said roughly because those are the items that just came to mind, I may have missed one or two.

Now this is only with reference to cash flow. On the flip side the benefits are depreciation and you can expense other things that you could not when the home was owner occupied.

[SD Realtor]

Hi Saiine. What I meant that the numbers were not right was that I didn’t know that you had all those items I mentioned factored in.

So roughly you have

Mortgage payment + HOA + estimate for annual repairs + cost of vacancy + property tax + HOA

MINUS

Rental Income

to get your cash flow.

So if your numbers included all of those items then they are okay, I am not sure if they did or not. Now I also said roughly because those are the items that just came to mind, I may have missed one or two.

Now this is only with reference to cash flow. On the flip side the benefits are depreciation and you can expense other things that you could not when the home was owner occupied.

[SD Realtor]

Hi Saiine. What I meant that the numbers were not right was that I didn’t know that you had all those items I mentioned factored in.

So roughly you have

Mortgage payment + HOA + estimate for annual repairs + cost of vacancy + property tax + HOA

MINUS

Rental Income

to get your cash flow.

So if your numbers included all of those items then they are okay, I am not sure if they did or not. Now I also said roughly because those are the items that just came to mind, I may have missed one or two.

Now this is only with reference to cash flow. On the flip side the benefits are depreciation and you can expense other things that you could not when the home was owner occupied.

[SD Realtor]

Hi Saiine. What I meant that the numbers were not right was that I didn’t know that you had all those items I mentioned factored in.

So roughly you have

Mortgage payment + HOA + estimate for annual repairs + cost of vacancy + property tax + HOA

MINUS

Rental Income

to get your cash flow.

So if your numbers included all of those items then they are okay, I am not sure if they did or not. Now I also said roughly because those are the items that just came to mind, I may have missed one or two.

Now this is only with reference to cash flow. On the flip side the benefits are depreciation and you can expense other things that you could not when the home was owner occupied.

[xtina]

I just wanted to comment that we’re in a bit of the same boat, except looking at different areas. I’m focused on RB/PQ/CMR/SS/SR and I work in RB.

Also looking to rent out one room once I buy with the potential to keep the property for cash flow once I move/upgrade.

=)

In PQ and in that price range, there is only really Casablanca. Personally, I don’t like Casablanca and I have no experience with CV.

I would also take into consideration ease of renting once you are done with that place. Has there been a lot of CL activity with rental places in CV?

sdr pointed out in another thread that the 1/1 will give you a better cash flow. have you considered buying a 1/1 (and not renting for the first give years) and just renting it out when you are done with it?

[xtina]

I just wanted to comment that we’re in a bit of the same boat, except looking at different areas. I’m focused on RB/PQ/CMR/SS/SR and I work in RB.

Also looking to rent out one room once I buy with the potential to keep the property for cash flow once I move/upgrade.

=)

In PQ and in that price range, there is only really Casablanca. Personally, I don’t like Casablanca and I have no experience with CV.

I would also take into consideration ease of renting once you are done with that place. Has there been a lot of CL activity with rental places in CV?

sdr pointed out in another thread that the 1/1 will give you a better cash flow. have you considered buying a 1/1 (and not renting for the first give years) and just renting it out when you are done with it?

[xtina]

I just wanted to comment that we’re in a bit of the same boat, except looking at different areas. I’m focused on RB/PQ/CMR/SS/SR and I work in RB.

Also looking to rent out one room once I buy with the potential to keep the property for cash flow once I move/upgrade.

=)

In PQ and in that price range, there is only really Casablanca. Personally, I don’t like Casablanca and I have no experience with CV.

I would also take into consideration ease of renting once you are done with that place. Has there been a lot of CL activity with rental places in CV?

sdr pointed out in another thread that the 1/1 will give you a better cash flow. have you considered buying a 1/1 (and not renting for the first give years) and just renting it out when you are done with it?

[xtina]

I just wanted to comment that we’re in a bit of the same boat, except looking at different areas. I’m focused on RB/PQ/CMR/SS/SR and I work in RB.

Also looking to rent out one room once I buy with the potential to keep the property for cash flow once I move/upgrade.

=)

In PQ and in that price range, there is only really Casablanca. Personally, I don’t like Casablanca and I have no experience with CV.

I would also take into consideration ease of renting once you are done with that place. Has there been a lot of CL activity with rental places in CV?

sdr pointed out in another thread that the 1/1 will give you a better cash flow. have you considered buying a 1/1 (and not renting for the first give years) and just renting it out when you are done with it?

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