Updated about 12 years ago on . Most recent reply
Will my primary residence cash flow?
So I've been reading about the 2%/50% rules on rental properties, but would still appreciate your opinions on my primary residence as a rental. Here are the numbers:
67k owed on the property
$1, 000-1, 200 comparable rents
Mortgage w/taxes and insurance $580 mo.
If I land a renter somewhere between those numbers, would the property cash flow nicely ornot