One of the best things you can do is to look through the listing history of properties in your area. In my area I'm seeing a trend of houses being listed and delisted multiple times with the price being reduced. At the time the owner may be renting out the home, and those numbers are also going down. The prices seem to be slowly trending back to the mean.
Great analysis as I'm in that decision now considering two homes...one in Carolina's where houses are high and hit your model, the other in Texas where homes are considerably cheaper
It might be good to approach older investors with a rent to own offer. Or have them hold the note. They might be open to transferring the property and getting out.
I think the analysis fails to take into account that when you buy, you’ve locked in the majority of your costs. When you rent, your rent will most likely go up each year. I do agree it only makes sense as long as you plan to stay for at least 5 years.
One of the best things you can do is to look through the listing history of properties in your area. In my area I'm seeing a trend of houses being listed and delisted multiple times with the price being reduced. At the time the owner may be renting out the home, and those numbers are also going down. The prices seem to be slowly trending back to the mean.
Great insight! Taking your time to collect information before making a commitment is always a good idea, especially with a big purchase.
Great analysis as I'm in that decision now considering two homes...one in Carolina's where houses are high and hit your model, the other in Texas where homes are considerably cheaper
It might be good to approach older investors with a rent to own offer. Or have them hold the note. They might be open to transferring the property and getting out.
Very helpful analysis. Thanks!
Good thoughts
Fantastic! Thank you!
I think the analysis fails to take into account that when you buy, you’ve locked in the majority of your costs. When you rent, your rent will most likely go up each year. I do agree it only makes sense as long as you plan to stay for at least 5 years.
Wonderful letter