Quote:
Originally Posted by LiquidTurbo  Sounds like a very safe option. Ever consider travelling the world?
If you want something risky and blazze, why not travel the world. |
I've given that option more than a passing thought. It kind of comes down to this:
A mortgage.
If I were to leave, I'm not sure if I could rent out my condo and have neutral cash flow. Even if I could, I would probably have to rent it out to dubious tenants and it would be pretty much guaranteed that if I were to come back, my apartment would be in far worse condition than I left it. Hiring a property manager would pretty much put me in a negative cash flow situation.
I could sell it right now, I suppose, and maybe make a net profit of 50K-70K (after realtor fees, taxes, etc.). I leave the country for 2 years and let's say the market corrects 20-30% (worse case scenario). There's still no way that I could afford to buy an equivalent residence with that correction. Renting a 1-bedroom in my neighbourhood costs anywhere from 1000-1200/month. Once you get used to granite countertops and floor-to-ceiling windows, it's hard to go back.
Quote:
|
See the world and don't get married.
|
Marriage scares me because my property would not be protected in the event of a divorce (from my understanding of marriage laws.)
If my health keeps up, my plan is to see the world gradually over the next 10-20 years.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
