I’m from kuwait, and I live there, I lived in San Diego for 4 years back in the 90s ,graduated from sdsu … I own 2 property in Kuwait… I visit San Diego every summer with my family…
I’m thinking of purchasing a 2 bedroom apartment in a complex in utc or mission or fashion valley and renting it to college student (( I know lots of kuwaiti student in San diego now how are renting and paying 2000 $ for a 2 bedroom apartment ))..
Because I’m a Foreigner no bank will lend me , so I have to pay in cash , After a year or so I can approach any bank and I buy another apartment with lets say 20% down only ….
Let’s say I bought a condo for 250 k cash ,
what other expense, fees,etc.. I have to pay ?
and after that what’s my monthly, yearly obligation?
I need to calculate the return on investment
Very funny … Are you a comedian ?