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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (1332)1/18/2002 12:19:50 PM
From: bobby is sleepless in seattleRead Replies (1) of 306849
 
just starting to read some of the older posts here.

Generally speaking (always exceptions to the rule), I would never recommend having rental property outside of one's back yard.

Place a ROI, factor in the mgt fees, the capital gains under non-owner occupied (unless one returns and lives for the reauired period) vacancy rates, how about the stress involved. And heaven forbid one has to deal with unlawful detainer. What about the property mgt team? Most, IMO, are not worth the one month's rent and 10% month...Sell the house now and avoid paying the taxes and put that money to work elsewhere.

Having said that, real estate ownership is a wonderful way of building a nest egg. Primary residence paid off is nice, but rental properties can provide a nice stream of income.
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