| Author | Message | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 8733 Registered: 04-2015 Posted From: 108.51.56.15 Rating: N/A |
You need to apllianc insurance too. Like many said, getting a good tenennat is important. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Savyasachi Comedian Username: Savyasachi Post Number: 1796 Registered: 12-2013 Posted From: 98.192.131.235 Rating: N/A |
will respond to you later tonight | ||
Maverick Legend Username: Maverick Post Number: 64012 Registered: 01-2008 Posted From: 108.171.130.187 Rating: N/A |
sent a test Happy Vizag | ||
Maverick Legend Username: Maverick Post Number: 64011 Registered: 01-2008 Posted From: 108.171.130.187 Rating: N/A |
current home, but moving to a different state, so planning to rent out. the number i have is your mortgate (p and I)+taxes+ Home owners insurance + no 10% property firm etc. no lawn care..home is built in 2012, so not expecting any issues in the next 5 yrs. plan is to build equity and sell of.. i have about 70-80k equity currently i guess based on the market value Happy Vizag | ||
Bimmer Comedian Username: Bimmer Post Number: 1806 Registered: 04-2014 Posted From: 198.33.159.252 Rating: N/A |
tenant dorakadam luck...enni rules/contract pettukunna..vaadiki mandithey penta chesi pothadu..never allow pets...maa friend tenant dog basement antha shitX chesi pothey...he hired some contractor who charged huge to clean that stuff WE THE NORTH | ||
Savyasachi Comedian Username: Savyasachi Post Number: 1795 Registered: 12-2013 Posted From: 98.192.131.235 Rating: N/A |
this is called gambling. betting money hoping it will appreciate. what if it doesnt appreciate, and the owners got fired from the job and couldnt find a new job for the next 6 months ? he had to pay mortgage on his own home and the home that he is renting out. unnadi potadi, unchukunnadi kuda potadi. | ||
Savyasachi Comedian Username: Savyasachi Post Number: 1794 Registered: 12-2013 Posted From: 98.192.131.235 Rating: N/A |
1) if you are buying a house to rent it out bigger downpayment means lower monthly mortgate 2) if it is the house you are living in for a while now and you have equity in the house then refinance it to make the monthly payment do down. | ||
Guriginja Legend Username: Guriginja Post Number: 36376 Registered: 02-2008 Posted From: 71.92.53.3 Rating: N/A |
Market is good, you never know how it will be 2-3yrs down the road....so my first suggestion would be to sell it. ....koncham research chesi...growth vunna daggara duranga ayina land konukko....Next, how much equity do you have now? mortgage/taxes ki rents saripoyina you can claim depreciation, etc etc on taxes so kontha venakku vasthundhi.....so vunchukovacchu, if the house is fairly new and you don't forsee any big things to be addressed in the near future....manchi tenant dorakadam imp. | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 7936 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
how does this work. Even in CA, where mortgage might be 4-5k and rent 3-4k, you're in the hole atleast 1k, but property appreciation usually makes up for it Let's say you did your calculation and your rent is less than your mortgage. So you sold your house for 700k 3 years ago, and the valuation is now 1million. You might have gained 1k * 36 months but lost on 300k in equity | ||
Linkmaster Legend Username: Linkmaster Post Number: 54396 Registered: 02-2008 Posted From: 149.128.8.245 Rating: N/A |
does not work both.. better sell it | ||
Savyasachi Comedian Username: Savyasachi Post Number: 1793 Registered: 12-2013 Posted From: 98.192.131.235 Rating: N/A |
you provided too little info to help you make a decision. do you already own this house or you planning to buy a house and rent it out? does the mortgate payment include PITI or just PI your rent should cover :- your mortgate (p and I)+taxes+ Home owners insurance + HOA/Lawncare+10% property management fee+ 10%towards maintenance reserves +5% vacancy factor+ 10% in your pocket (this is optional) . add all the above and subtract from the rent you are getting. you should get a positive number (atleast 50 or more) . otherwise i wouldnt do it. ochina rent mortgate katti migilina expenses na pocket lo nunchi pedata ante you are setting yourself up for failure . send an email to savyasachiccdb@gmail.com. if you need any help calculating your expenses or finding out howmuch rent you can get. | ||
Aanimutyam Junior Artist Username: Aanimutyam Post Number: 48 Registered: 07-2016 Posted From: 24.186.111.169 Rating: N/A |
ok let me give you the calculation other way around... for the total loan amount calculate how much interest you are paying after 15yrs and 30yrs, after 30yrs of period you will pay more than double interest rate compared to 15yrs. Where as if it is 15yrs the interest rate is less compared to 30yrs. for 15yrs you will pay more amount towards the interest which is tax deductible. 30yrs kadatha vundatam painful ga vuntundemo mastaru.. nenu eithe 15yrs e theesukunna mari..ivanni chusi.. basic ga 30yrs daniki manam interest pay chesedi more than double adi akkada 15yrs ki nenu padi poya.. This last point i am not sure, but you can check with someone if you make less than the EMI, i think you can claim that amount as loss. | ||
Ustad Megastar Username: Ustad Post Number: 26532 Registered: 07-2008 Posted From: 178.62.121.175 Rating: |
Option 3: Sell it & buy HFC stocks in India  I learned long ago, never to wrestle with a pig. You get dirty and besides, the pig likes it - George Bernard Shaw | ||
Maverick Legend Username: Maverick Post Number: 64010 Registered: 01-2008 Posted From: 108.171.130.187 Rating: N/A |
thanks, i was thinking the same way Happy Vizag | ||
Bullabbai Junior Artist Username: Bullabbai Post Number: 463 Registered: 09-2013 Posted From: 74.109.108.30 Rating: N/A |
Option 1: Build equity. In similar situation, infact pay some money from pocket to meet monthly expenses. But principal is reduced by nearly 800+ pm resulting in net positive. | ||
Maverick Legend Username: Maverick Post Number: 64009 Registered: 01-2008 Posted From: 108.171.130.187 Rating: N/A |
Experienced landlords provide inputs. Situation15 yr loan with 2.75 intrest rate. say my mortgage is 1500/month..i can rent the home to about the same and break even. my only +ve in renting is the equity i build up the other option is go to 30 yr loan, and my payment comes down to say 1000, i can still rent out for 1500, get 500 income and use it for any expenses on the rental property. down side, no equity build up and i have to pay tax on the xtra income. whats the best option? Happy Vizag |
