For our second guest post of January, we go to Jen Zug who writes the Jen Zug Writes newsletter on Substack. After reading Jen’s story, you will want to subscribe to her newsletter. < Or just do it now, then read her story! Jen offers an intimate peak into her family’s annual financial planning process, followed by a detailed look at their housing situation, which includes a solid income property
I would compare the $700K monthly mortgage payment with what you can charge for monthly rent, and then do the math. If the rent can't cover the mortgage, when will it and can you swing the gap & maintenance out of pocket like you did with the Renton property? Having an investment property right next door is great.
Greetings from a former Seattleite. Great post and love the intentionality. Glad you were able to hang on to that house as buying a house in Seattle back in 2008 definitely helped us get where we are today.
I would compare the $700K monthly mortgage payment with what you can charge for monthly rent, and then do the math. If the rent can't cover the mortgage, when will it and can you swing the gap & maintenance out of pocket like you did with the Renton property? Having an investment property right next door is great.
Greetings from a former Seattleite. Great post and love the intentionality. Glad you were able to hang on to that house as buying a house in Seattle back in 2008 definitely helped us get where we are today.