All Forum Posts by: William Forbes
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Post: Buying a condo in high COL area for first home
William ForbesPosted
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First time home buyer here. Looking to start with my first deal in San diego, CA by buying a condo for myself and S.O. I've been running some analysis and on most of the deals available (it's still a hot market down here regardless of C 19) and the rental values are usually $200-$400 lower than the mortgage cost with FHA 3.5%- conventional 5% loans. Is it still smart to buy a condo even though if we rent it out we might be paying to make up the difference down the road ?
Thanks for any advice!