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1   fedwatcher   2013 Apr 29, 12:19pm  

In today's market with the lowest mortgage rates in over 50 years, your time horizon is all important.

- will you have to sell when interest rates are higher and prices thus are lower?
- can you stay in the house for at least seven years?
- can you avoid selling by renting your home and thus keeping your low interest rate mortgage and having your tenant build your equity? If you buy a place to live in but also can rent out if you have to relocate offers flexibility close to renting.

If you buy too much house, you will not be able to rent it out to cover your costs. So its value as a rental is an important consideration. Remember that a property manager charges you 10% of the rental and there are more poor property managers than good ones.

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