buying, living, renting, repeat

I want to make sure my thought process is more or less so correct.

– Buy property #1 as primary, live in it for 1 year, maybe rent out basement on day 1 to help with mtg.

– Buy property #2 as primary (so only 5% down and better interest rate than investment), rent out house #1 for ideally more than mtg + utilities.

– Repeat for X properties

I can most likely rent my current house for $500 more than mtg + utilities and will assume that for all future properties.

house 1 – $6k/yr in cash flow + ~$10k in equity + ~3% appreciation = ~$31k

– Obviously this is assuming a super tenant and little to no issues.

– live in house 2 for a year and then rent out, ideally for similar. Now i’m making $31k * 2/yr

As time goes on the renter is putting more equity into the property and appreciation $ increases.

submitted by /u/justlking1291248657
[link] [comments]

I want to make sure my thought process is more or less so correct. – Buy property #1 as primary, live in it for 1 year, maybe rent out basement on day 1 to help with mtg. – Buy property #2 as primary (so only 5% down and better interest rate than investment), rent out house #1 for ideally more than mtg + utilities. – Repeat for X properties I can most likely rent my current house for $500 more than mtg + utilities and will assume that for all future properties. house 1 – $6k/yr in cash flow + ~$10k in equity + ~3% appreciation = ~$31k – Obviously this is assuming a super tenant and little to no issues. – live in house 2 for a year and then rent out, ideally for similar. Now i’m making $31k * 2/yr As time goes on the renter is putting more equity into the property and appreciation $ increases. submitted by /u/justlking1291248657 [link] [comments]

<a href="Read More“>View Full Article

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!