[saiine]

[quote=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.[/quote]

Ah ok.

My calculations were HOA, Taxes, Insurance. I had neglected upkeep though. One number I do not feel confident about yet is the amount I would receive back from the gov. I claim 0 as of now and can imagine if I can write off 22k or so I would receive a return of 3-4k. I’m also not sure if it’s a mistake to factoring that in when it comes to cash flow.

I started to also factor in an avg of .5% appreciation YoY for 5 years but ended up not following through on that, as we REALLY have no idea what’s going to happen and I don’t think I should rely on any assumptions at this point.

[saiine]

[quote=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.[/quote]

Ah ok.

My calculations were HOA, Taxes, Insurance. I had neglected upkeep though. One number I do not feel confident about yet is the amount I would receive back from the gov. I claim 0 as of now and can imagine if I can write off 22k or so I would receive a return of 3-4k. I’m also not sure if it’s a mistake to factoring that in when it comes to cash flow.

I started to also factor in an avg of .5% appreciation YoY for 5 years but ended up not following through on that, as we REALLY have no idea what’s going to happen and I don’t think I should rely on any assumptions at this point.

[saiine]

[quote=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.[/quote]

Ah ok.

My calculations were HOA, Taxes, Insurance. I had neglected upkeep though. One number I do not feel confident about yet is the amount I would receive back from the gov. I claim 0 as of now and can imagine if I can write of 22k or so I would receive a return of 3-4k. I’m also not sure if it’s a mistake to factoring that in when it comes to cash flow.

I started to also factor in an avg of .5% appreciation YoY for 5 years but ended up not following through on that, as we REALLY have no idea what’s going to happen and I don’t think I should rely on any assumptions at this point.

[saiine]

[quote=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.[/quote]

Ah ok.

My calculations were HOA, Taxes, Insurance. I had neglected upkeep though. One number I do not feel confident about yet is the amount I would receive back from the gov. I claim 0 as of now and can imagine if I can write of 22k or so I would receive a return of 3-4k. I’m also not sure if it’s a mistake to factoring that in when it comes to cash flow.

I started to also factor in an avg of .5% appreciation YoY for 5 years but ended up not following through on that, as we REALLY have no idea what’s going to happen and I don’t think I should rely on any assumptions at this point.

[saiine]

[quote=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.[/quote]

Ah ok.

My calculations were HOA, Taxes, Insurance. I had neglected upkeep though. One number I do not feel confident about yet is the amount I would receive back from the gov. I claim 0 as of now and can imagine if I can write of 22k or so I would receive a return of 3-4k. I’m also not sure if it’s a mistake to factoring that in when it comes to cash flow.

I started to also factor in an avg of .5% appreciation YoY for 5 years but ended up not following through on that, as we REALLY have no idea what’s going to happen and I don’t think I should rely on any assumptions at this point.

[saiine]

[quote=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.[/quote]

Ah ok.

My calculations were HOA, Taxes, Insurance. I had neglected upkeep though. One number I do not feel confident about yet is the amount I would receive back from the gov. I claim 0 as of now and can imagine if I can write of 22k or so I would receive a return of 3-4k. I’m also not sure if it’s a mistake to factoring that in when it comes to cash flow.

I started to also factor in an avg of .5% appreciation YoY for 5 years but ended up not following through on that, as we REALLY have no idea what’s going to happen and I don’t think I should rely on any assumptions at this point.

[saiine]

[quote=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.[/quote]

Ah ok.

My calculations were HOA, Taxes, Insurance. I had neglected upkeep though. One number I do not feel confident about yet is the amount I would receive back from the gov. I claim 0 as of now and can imagine if I can write of 22k or so I would receive a return of 3-4k. I’m also not sure if it’s a mistake to factoring that in when it comes to cash flow.

I started to also factor in an avg of .5% appreciation YoY for 5 years but ended up not following through on that, as we REALLY have no idea what’s going to happen and I don’t think I should rely on any assumptions at this point.

[saiine]

Hi Xtina,

Yea, I am starting to add 1/1’s to my search. I just had a preconceived notion that 2/2’s held more resell value. I’m actually not sure where I got this thought 🙂

What don’t you like about Casablancas?

I saw a few units on CL for CV, one is in a complex that has a unit for sale right now for 299, they want 1650 for a 2 bedroom. The interesting thing is that I rented in that exact complex 2 years ago and that’s what I was paying. So rents haven’t seemed to move in CV in 2 years.

Good luck with your search!

[saiine]

Hi Xtina,

Yea, I am starting to add 1/1’s to my search. I just had a preconceived notion that 2/2’s held more resell value. I’m actually not sure where I got this thought 🙂

What don’t you like about Casablancas?

I saw a few units on CL for CV, one is in a complex that has a unit for sale right now for 299, they want 1650 for a 2 bedroom. The interesting thing is that I rented in that exact complex 2 years ago and that’s what I was paying. So rents haven’t seemed to move in CV in 2 years.

Good luck with your search!

[saiine]

Hi Xtina,

Yea, I am starting to add 1/1’s to my search. I just had a preconceived notion that 2/2’s held more resell value. I’m actually not sure where I got this thought 🙂

What don’t you like about Casablancas?

I saw a few units on CL for CV, one is in a complex that has a unit for sale right now for 299, they want 1650 for a 2 bedroom. The interesting thing is that I rented in that exact complex 2 years ago and that’s what I was paying. So rents haven’t seemed to move in CV in 2 years.

Good luck with your search!

[saiine]

Hi Xtina,

Yea, I am starting to add 1/1’s to my search. I just had a preconceived notion that 2/2’s held more resell value. I’m actually not sure where I got this thought 🙂

What don’t you like about Casablancas?

I saw a few units on CL for CV, one is in a complex that has a unit for sale right now for 299, they want 1650 for a 2 bedroom. The interesting thing is that I rented in that exact complex 2 years ago and that’s what I was paying. So rents haven’t seemed to move in CV in 2 years.

Good luck with your search!

[saiine]

Hi Xtina,

Yea, I am starting to add 1/1’s to my search. I just had a preconceived notion that 2/2’s held more resell value. I’m actually not sure where I got this thought 🙂

What don’t you like about Casablancas?

I saw a few units on CL for CV, one is in a complex that has a unit for sale right now for 299, they want 1650 for a 2 bedroom. The interesting thing is that I rented in that exact complex 2 years ago and that’s what I was paying. So rents haven’t seemed to move in CV in 2 years.

Good luck with your search!

[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

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