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re: Renting out house with mortgage
Posted on 1/17/19 at 7:17 am to KG6
Posted on 1/17/19 at 7:17 am to KG6
Don’t do it OP, just sell. I’m a property manager with numerous rentals I own both with mortgages and without.
Your numbers won’t make sense, it’s all a % game. That’s great if you will cash flow $200 on a $1800 mortgage, but then your AC goes out and it costs $1200 to fix and before you know it you are cash flow negative with a questionably good tenant locked in for 9 more months and you wish you would have sold.
Better not to mix the two unless you HAVE to. J
Your numbers won’t make sense, it’s all a % game. That’s great if you will cash flow $200 on a $1800 mortgage, but then your AC goes out and it costs $1200 to fix and before you know it you are cash flow negative with a questionably good tenant locked in for 9 more months and you wish you would have sold.
Better not to mix the two unless you HAVE to. J
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