Rent or Sell

[patb]

temeculaguy

1) purchase price in 2003 156K, probably worth 225-250K now.

2) loan balance 100K

3) i picked the rent the neighbors are paying

4) OK is OK, i’m in norman the college town.

5) i make in the mid 100’s, so the first house is really easy to carry the
second? well tha’ts a stretch. I could do it but it would be ugly.

6) i’m 30% in DC anyways, but i think i’m going to rent there for another year ntil
real estate collapses

[nostradamus]

I know some people who long-distance own and rent out properties. They are run by management co’s just as the good posters mentioned here.

[nostradamus]

I know some people who long-distance own and rent out properties. They are run by management co’s just as the good posters mentioned here.

[nostradamus]

I know some people who long-distance own and rent out properties. They are run by management co’s just as the good posters mentioned here.

[nostradamus]

I know some people who long-distance own and rent out properties. They are run by management co’s just as the good posters mentioned here.

[nostradamus]

I know some people who long-distance own and rent out properties. They are run by management co’s just as the good posters mentioned here.

[temeculaguy]

pat, in the mid 100’s with the numbers you put up, I’d keep it and find a good management company. with your income and the minimal debt on the place and the rental value, it should be cash positive forever and in 12 years it’s free money for life, college towns always do well as rentals. Just consider it part of your retirement portfolio. Rent in DC until it looks like both things happen, r/e collapses there and your employer show no signs of moving you for a long while. Real estate is a terrible short term investment except at the beginning of a bubble and it will be a long time before we start down that path again, maybe a full generation before all is forgotten. My apologies for having a straight guy left coast view and assuming all of OK is the same, I have never lived anywhere in the middle of the country and I blame it all on the fact that I saw footloose one too many times. Good luck, you have enviable financial fundamentals and you would feel like you were in a foreign country out here, our average buyer thinks 150k income merits a 600k mortgage, be thankful for you midwestern economic values, you will be fine.

[temeculaguy]

pat, in the mid 100’s with the numbers you put up, I’d keep it and find a good management company. with your income and the minimal debt on the place and the rental value, it should be cash positive forever and in 12 years it’s free money for life, college towns always do well as rentals. Just consider it part of your retirement portfolio. Rent in DC until it looks like both things happen, r/e collapses there and your employer show no signs of moving you for a long while. Real estate is a terrible short term investment except at the beginning of a bubble and it will be a long time before we start down that path again, maybe a full generation before all is forgotten. My apologies for having a straight guy left coast view and assuming all of OK is the same, I have never lived anywhere in the middle of the country and I blame it all on the fact that I saw footloose one too many times. Good luck, you have enviable financial fundamentals and you would feel like you were in a foreign country out here, our average buyer thinks 150k income merits a 600k mortgage, be thankful for you midwestern economic values, you will be fine.

[temeculaguy]

pat, in the mid 100’s with the numbers you put up, I’d keep it and find a good management company. with your income and the minimal debt on the place and the rental value, it should be cash positive forever and in 12 years it’s free money for life, college towns always do well as rentals. Just consider it part of your retirement portfolio. Rent in DC until it looks like both things happen, r/e collapses there and your employer show no signs of moving you for a long while. Real estate is a terrible short term investment except at the beginning of a bubble and it will be a long time before we start down that path again, maybe a full generation before all is forgotten. My apologies for having a straight guy left coast view and assuming all of OK is the same, I have never lived anywhere in the middle of the country and I blame it all on the fact that I saw footloose one too many times. Good luck, you have enviable financial fundamentals and you would feel like you were in a foreign country out here, our average buyer thinks 150k income merits a 600k mortgage, be thankful for you midwestern economic values, you will be fine.

[temeculaguy]

pat, in the mid 100’s with the numbers you put up, I’d keep it and find a good management company. with your income and the minimal debt on the place and the rental value, it should be cash positive forever and in 12 years it’s free money for life, college towns always do well as rentals. Just consider it part of your retirement portfolio. Rent in DC until it looks like both things happen, r/e collapses there and your employer show no signs of moving you for a long while. Real estate is a terrible short term investment except at the beginning of a bubble and it will be a long time before we start down that path again, maybe a full generation before all is forgotten. My apologies for having a straight guy left coast view and assuming all of OK is the same, I have never lived anywhere in the middle of the country and I blame it all on the fact that I saw footloose one too many times. Good luck, you have enviable financial fundamentals and you would feel like you were in a foreign country out here, our average buyer thinks 150k income merits a 600k mortgage, be thankful for you midwestern economic values, you will be fine.

[temeculaguy]

pat, in the mid 100’s with the numbers you put up, I’d keep it and find a good management company. with your income and the minimal debt on the place and the rental value, it should be cash positive forever and in 12 years it’s free money for life, college towns always do well as rentals. Just consider it part of your retirement portfolio. Rent in DC until it looks like both things happen, r/e collapses there and your employer show no signs of moving you for a long while. Real estate is a terrible short term investment except at the beginning of a bubble and it will be a long time before we start down that path again, maybe a full generation before all is forgotten. My apologies for having a straight guy left coast view and assuming all of OK is the same, I have never lived anywhere in the middle of the country and I blame it all on the fact that I saw footloose one too many times. Good luck, you have enviable financial fundamentals and you would feel like you were in a foreign country out here, our average buyer thinks 150k income merits a 600k mortgage, be thankful for you midwestern economic values, you will be fine.

[fm]

I say rent it out, especially if you can get positive cash flow. I pretty much grew up there, and it’s a decent place for families but there’s not nightlife aside from the college stuff. The area has been growing steadily for the past several decades so the demand is there. I gotta figure any place companies think 2 Super Wal-Marts, a Super Target, Sam’s Club, and a shopping mall fit, they think it’s gonna grow.

One of my relatives has rented out a couple places in the area for quite awhile without a huge issue. But best to use an agency to deal with it if you’re not going to be there.

[fm]

I say rent it out, especially if you can get positive cash flow. I pretty much grew up there, and it’s a decent place for families but there’s not nightlife aside from the college stuff. The area has been growing steadily for the past several decades so the demand is there. I gotta figure any place companies think 2 Super Wal-Marts, a Super Target, Sam’s Club, and a shopping mall fit, they think it’s gonna grow.

One of my relatives has rented out a couple places in the area for quite awhile without a huge issue. But best to use an agency to deal with it if you’re not going to be there.

[fm]

I say rent it out, especially if you can get positive cash flow. I pretty much grew up there, and it’s a decent place for families but there’s not nightlife aside from the college stuff. The area has been growing steadily for the past several decades so the demand is there. I gotta figure any place companies think 2 Super Wal-Marts, a Super Target, Sam’s Club, and a shopping mall fit, they think it’s gonna grow.

One of my relatives has rented out a couple places in the area for quite awhile without a huge issue. But best to use an agency to deal with it if you’re not going to be there.

[fm]

I say rent it out, especially if you can get positive cash flow. I pretty much grew up there, and it’s a decent place for families but there’s not nightlife aside from the college stuff. The area has been growing steadily for the past several decades so the demand is there. I gotta figure any place companies think 2 Super Wal-Marts, a Super Target, Sam’s Club, and a shopping mall fit, they think it’s gonna grow.

One of my relatives has rented out a couple places in the area for quite awhile without a huge issue. But best to use an agency to deal with it if you’re not going to be there.

[Author]

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