Thank you for the information, this was really helpful. We have not found anything yet. We are still saving so we can comfortably put 20% down and have enough to ride out the winter if it doesn’t rent well, until the spring.
The rental programs seem to be the easiest from a hands-off perspective, but 25% of the gross income makes it hard to make the numbers work.
I agree about the election, between the virus and the election, we are almost leaning towards just putting what we have saved towards the equity in our home mortgage. Owning rental property just seems like a good way to diversify your investment income with a little cash flow plus letting the property appreciate over time.
We’ve been looking along Scenic 98 at Maravilla or on the eastern end of 98 at Hidden Dunes. We stayed at Hidden Dunes before and really liked it.
The rental programs seem to be the easiest from a hands-off perspective, but 25% of the gross income makes it hard to make the numbers work.
I agree about the election, between the virus and the election, we are almost leaning towards just putting what we have saved towards the equity in our home mortgage. Owning rental property just seems like a good way to diversify your investment income with a little cash flow plus letting the property appreciate over time.
We’ve been looking along Scenic 98 at Maravilla or on the eastern end of 98 at Hidden Dunes. We stayed at Hidden Dunes before and really liked it.
