All Forum Posts by: Edmund Post

Brad to clarify, Years 0-2 live in the house. Years 3-6 rent house. Years 7+ live in house. 

Also general clarification. The rental calculator shows around break-even if renting now. 

I have an odd situation. I have found a home I love and want to purchase. The issue is I will be moving in about 2 years for a 3-year assignment. After the assignment, I would love to be in the house. Calculations show there is no way I would make money on the rental if I were to start renting it right after purchasing. Is there a way to calculate if it makes sense for those 3 years?

Thank you, everybody! I am going to try to find rent comps for the properties I am interested in. 

@Cameron Tope thank you for that calculation but one thing not accounted for is the rent I would be paying if not owning. Your numbers are very close to my actual situation.

I am wanting to buy my first property for my primary residence but only will be living in it for a few years before moving cities. I am wondering if I am better off just renting until I get to a more permanent location or if selling after a few years or renting it out after I move are the best.

I currently live in a high growth city but do not want to rely on speculation. Thanks all. 

There is PMI which will change a bit (~$20)

I am wanting to buy a duplex for my first home and am wondering if I should pay the lowest down payment I can or the maximum. My plan was HFA 3.5%-10%. I cannot hit the 20%. 

My thought process is if I pay the minimum that extra can go towards renovating the building or be saved for my next property. 

Thoughts?

My name is Edmund and I am a long-distance investor looking to build a team in the Janesville/Beloit area. Specifically, property management, and contractors but open to any and all recommendations. 

I used to live in the area and loved it. I see a great opportunity there.