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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Tue, 02 Aug 2005 10:43:41 GMT /

Author of the message: Davey Boy

Title of the message:
Does this make sense?

Text of the message:
Hi All!
I'd like to purchase rental property, but I don't believe the rental income
will cover the mortgage payment (and other expenses) ... I currently am in
a home with a studio that I can rent out and was wondering if it makes any
sense to rent out the studio and buy rental property and if I am able to
get positive cash flow on the two rentals combined...
I usually think of a rental property sustaining itself w/ the rents coming
in being able to cover the note (and other expenses) related to the
house... In this case, I'll need to rent out a room in our current home to
help cover the cost of buying/renting the house... Any thoughts or comments
are appreciated ...
DaveyBoy
.



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