Renting out advice
Alright CP I have decided ask for some advice from the wide ranging experience and intelligence of CP
I am currently renting an apartment, but I hate throwing rent money away when its 85% of decent mortgage. I would like to buy a house, but with my job there is a good chance that I could relocate to somewhere else in canada in as little as a year or as long as 5 years, it depends on the industry.
So, I am wondering if people have experience with owning a rental property. I wouldn't use it as a business, just a way to have someone else pay my mortgage while I live elsewhere.
I am also wondering what the minimum timeline would be if I would have to sell it. Would I lose money if I had to sell within a year? 2 years?
Thanks
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