Investment Property

[92106_renter]

Need some advice on rental property as an investment option. We have a paid off home in San Diego and are looking at rental properties.
Would it be wise to take out a home equity loan for investing in rental properties? Would it be advisable to wait until the pricing has come down before considering?
For those who have done this in the past can you give me some feedback on if you would do it again?
Thanks!

[barnaby33]

Seems hard to believe that it’s a good time to buy rentals, it’s not like they pencil out.
Josh

[urbanrealtor]

unless they do…

[Rich Toscano]

Curious, what net rental yield are you seeing on the properties that pencil out in your view?

[92106_renter]

What typically works out better for rental properties, condos, townhomes, or single-family residence?

[an]

Different strokes for different folks. Condos tend to make more profit and requires less up front cost. I prefer single family. Different type of renters for different type of property.

[gzz]

I think most properties on the market are not going to cash flow for 3 years or more. But longer term rents will go up, prices will go up, and you only need to refi at a great rate once and then you’re set for 30 years.

I do not like interacting with condo HOA, but the advantage of no exterior costs or hassle is a big positive.

[Author]

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