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Updated over 3 years ago,
Sanity check on baby's first analysis
*This link comes directly from our calculators, based on information input by the member who posted.
Hi! Brand new member here. I'm stuck in a far-too-expensive primary home in the SF bay area, and I'm looking for any way to stop the cash hemorrhage and get some positive cash flow instead. My spouse loves the house/location/neighborhood, but blessedly is willing to have a discussion about alternatives. I come into this prejudiced that the only sensible option is to sell and either house-hack or purchase investment property elsewhere while renting locally for ourselves, but want to give a fair shake to the option of renting out our existing home, so I'm starting with an analysis of that as if we were purchasing it today with zero transaction costs and the existing loan and equity. I'd love to hear some feedback from more experienced folks on whether this looks realistic as I start analyzing properties to compare this baseline option to. Huge thanks in advance. Loving BP so far and the possibilities are exciting!