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Updated almost 7 years ago,

User Stats

38
Posts
14
Votes
Jonathan Bolano
  • Real Estate Agent
  • Cranston, RI
14
Votes |
38
Posts

Single Family - Rent

Jonathan Bolano
  • Real Estate Agent
  • Cranston, RI
Posted

Hello everyone, so I am in the process of considering renting my current home (which I updated) and purchasing a new one. I want the current one to pay for my mortgage and then some. After running all my numbers via the BP matrix in one of the youtube videos, I realized that I would have an income of $335/mt after putting aside 20% for Repairs (small and big) and 5% vacancy. None of the others applied to me. My ROI, however, would be 27%. I moved in in September 2017.

So my ultimate question is, knowing what you know above, what are your thoughts on Renting out a Single-Home. I understand there are some big time investors that say no because if you are Vacant, you are 100% vacant versus a 4 unit where if you have one floor gone, you are only down by 25%. 

Thank you in advance for all and any help you can offer.

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