10-06-2013, 06:51 PM
I live in a condo (small townhouse) right now, but we are house shopping. I am not sure if we'll pull the trigger, but we really could use some additional space. If we do, I've been thinking that I'd keep the condo and rent it out. The interest rate and monthly costs are pretty low, and I'm pretty confident that it could be cash-flow positive from month one (even after condo fee and taxes). But the stories you've all posted already are enough to have me thinking twice. 
Maybe I'll try to run a spreadsheet comparing the income I could get from renting it to what my returns would be by selling it and putting the money into a REIT or two. Predictions?
Maybe I'll try to run a spreadsheet comparing the income I could get from renting it to what my returns would be by selling it and putting the money into a REIT or two. Predictions?