sell current home or rent? not sure how to calculate

[(former)FormerSanDiegan]

[quote=finance_king]I could possibly pay down the loan with pitching more money into the “investment” hoping to make it positively geared. If I can do that, then I will cap off the amount I paid to buy the house, and the renter will pay the rest.

This is all banking on the fact that we aren’t going to be in a 20 depression. But, if that happens, I think I have bigger problems then this house.[/quote]

Before you even consider the economics, I would only consider keeping it as a rental if you want to be a landlord over the long term and if the property makes sense as an investment property.

How much would you net in a sale ? (Sale price minus closing costs/commisions, use ~ 7% as a guesstimate).

Sounds like negative cash flow of $200 per month. How much principal are you paying each month ?

[faterikcartman]

Holy necropost Batman!

[faterikcartman]

Holy necropost Batman!

[faterikcartman]

Holy necropost Batman!

[faterikcartman]

Holy necropost Batman!

[faterikcartman]

Holy necropost Batman!

[Anonymous]

1. 13%
2. 30%
3. Amortization based on 20 years, but I’m in New Zealand, and the loans here have to be renewed every year or 2.
4. 1 year on one, and 2 years on the other.
5. After every cost to rent the property – we’d need an agent as we aren’t going to be in the country soon.

Thanks

[Anonymous]

1. 13%
2. 30%
3. Amortization based on 20 years, but I’m in New Zealand, and the loans here have to be renewed every year or 2.
4. 1 year on one, and 2 years on the other.
5. After every cost to rent the property – we’d need an agent as we aren’t going to be in the country soon.

Thanks

[Anonymous]

1. 13%
2. 30%
3. Amortization based on 20 years, but I’m in New Zealand, and the loans here have to be renewed every year or 2.
4. 1 year on one, and 2 years on the other.
5. After every cost to rent the property – we’d need an agent as we aren’t going to be in the country soon.

Thanks

[Anonymous]

1. 13%
2. 30%
3. Amortization based on 20 years, but I’m in New Zealand, and the loans here have to be renewed every year or 2.
4. 1 year on one, and 2 years on the other.
5. After every cost to rent the property – we’d need an agent as we aren’t going to be in the country soon.

Thanks

[Anonymous]

1. 13%
2. 30%
3. Amortization based on 20 years, but I’m in New Zealand, and the loans here have to be renewed every year or 2.
4. 1 year on one, and 2 years on the other.
5. After every cost to rent the property – we’d need an agent as we aren’t going to be in the country soon.

Thanks

[SD Realtor]

Curious. Why do you have renew a loan every year or two? Are you saying that everyone who owns residential real estate has to refinance every year or two? Somehow I am not sure if I believe that.

[SD Realtor]

Curious. Why do you have renew a loan every year or two? Are you saying that everyone who owns residential real estate has to refinance every year or two? Somehow I am not sure if I believe that.

[SD Realtor]

Curious. Why do you have renew a loan every year or two? Are you saying that everyone who owns residential real estate has to refinance every year or two? Somehow I am not sure if I believe that.

[SD Realtor]

Curious. Why do you have renew a loan every year or two? Are you saying that everyone who owns residential real estate has to refinance every year or two? Somehow I am not sure if I believe that.

[Author]

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