This is after covering all expenses and setting aside a certain amount for reserves to cover future expenses like capex or vacancy. 

If the rental income from your condo can comfortably cover your mortgage and leave you a little profit, moving out might make sense.

I am about to graduate college in May 2025, and will be making about $120k (pre tax) in my full time job postgrad (Washington DC area).

I would say that any project that beats pre-pandemic NOI budgets six months out of six is one to be proud of.

I have a one page lease addendum to cover this, that is executed with every tenant and every lease.

The general idea is that you must acquire an interest in real property you do not already own, and since you already own the subject real property you want to build on, the transaction must be structured so that you are creating an interest in real property you do not already own (in fact, it does not yet exist).

I’d be happy to walk you through the process, from pre-approval to closing, and provide guidance on the best mortgage products for your goals.

Many state fair housing laws cover properties or situations that are exempt under federal law.

Additionally, we have authored over two hundred blog posts on our website, covering a wide range of topics, many of which focus specifically on investing in Redding, CA.

At $2450, it will cover those expenses.