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Updated almost 5 years ago on . Most recent reply
Rental Property in Bay Area
hi all,
I have a basic question. I bought my current brand new home in Newark in 2018; very close to Facebook. I am expecting $4500 rent a month that pays for mortgage only. I have to pay $1500 additionally for taxes and insurance. I will be moving to East Coast for job opportunities.
Given that prices in Bay Area will only increase over time should I keep my home and pay about $20,000 per year out of pocket? My hope is that eventually the rental prices will increase and I will be able to have the value of my home increase as well.
Please advise. Thank you!
Most Popular Reply
@Vanessa Regalado i think he is talking about Newark, California