Here's the situation. I'm currently a homeowner, but would like to buy another house or condo to rent. I'd do it if the rent could support the place, but in my market, South bay area in California, property is just so expensive, I can't see how rent could possibly cover mortgage, maintenance and taxes.
I do have enough to make a 10% down payment. I would hope the investment would pay off over the long haul through accumulating equity and waiting for rents to rise.
Any ideas how I can accomplish this goal?
2006-08-13
05:37:10
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5 answers
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asked by
Uncle Pennybags
7
in
Renting & Real Estate