Quote:
Originally Posted by CaramonLS
I was thinking of putting my condo up for rent in the Westbrook area, me and the GF are going to move in together, but the problem is, she has a rather large dog and it would need a back yard.
Hopefully the condo rent can cover how much the house is, but I was getting a little worried to be honest. I've seen people asking for 2k+ for a house without the basement.
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Factor in income taxes from your rental. That will shave 30/40% of your earnings. And don't forget capital gains on the condo. If you bought a while back you will be on the hook for any capital gains since the day you bought it. Not since you rented it. There is some maneuvering to get that cleared up.