The answer to the age old questions is ….. BOTH!!:
You should own your home AND rent it out using a professional property management company!
Hint: Call Real Property Management Rio Grande… 505-225-2812 https://www.rpmriogrande.com
Simple math hypothetical example (all numbers for example only):
165,000 home in Albuquerque
30000 down payment
monthly payment on 30 year mortgage at 4.5%
200 taxes and insurance
Rent is 1150.
Property Management Fees are 115 per month.
expenses for the property (repairs, maintenance) are 1700 per year
your cash flow goes from $10 per month to $90 per month over the first 5 years.
But when including principle payment, home appreciation, and tax benefits, the return exceeds 20% per year (actually much more, but I didnt want to push it!)
for detailed info, enter your own info here
http://www.goodmortgage.com/Calculators/Investment_Property.html
Note: if you don’t use professional management, you wont get the rent, appreciation, or protection of your investment that you deserve!
Should you rent or own???? Rent out the house you own and make great returns with Real Property Management, Rio Grande.
….. Then buy another one or rent from RPM
Mark
Real Property Management Rio Grande
www.rpmriogrande.com
505-225-2812