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Is buying a condo and renting it out (in oceanside, CA) good idea right now, in this economy? with the current interest rates? and especially with the unknown future of housing market?
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There are a lot of questions to be answered when you are considering investing in property. It does not matter whether it's condo, single family or townhome. As long as your income exceeds expenses, you are going in the right direction. CAP Rate = Gross Income - Expenses / CASHI typically lookfor 8%+ CAP rates. A number of large hedge funds and REIT's are stating 8%+ but I find their actual CAP is closer to 2%-3%.
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