Get rental income here in San Diego with $60K down payment
George Lorimer
Wednesday, March 3, 2021
Do you want to invest and get some wealth of the appreciating San Diego real estate?
You don't want to buy and lose your investment if the market changes?
What if you invested a reasonable amount, say 20% of $300,000 or $60,000. You make $1650/mo in rent.
With all your expenses and HOA, Insurance, Property Taxes, you lose $184/month in year 1.
LAME INVESTMENT until you look at ALL the numbers.
1. Appreciation $15,000
2. Loan buy down $4609
3. Cash flow loss $184/mo x 12 = $2208
Total Wealth after year 1 = $17,401 (this is based on keeping it, not cashing out).
* This is a longer-term investment. If you cash out in the first year, the cost of the sale will cancel the anticipated appreciation. If you want to cash out the investment in a year, that is a fix and flip scenario. No return is guaranteed, consult CPA and attorney for your specific situation.
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