- Joined
- Dec 25, 2017
- Messages
- 1
Hi,
I have a basic question: how do you determine if a rental property is a good investment? I have a condo for which rental income doesn't cover mortgage + property tax + condo fee. I can sell that condo and buy something else but incur selling + buying costs. Or I can keep it because it is still building equity and sell it once the GTA market is doing better. How do experienced real estate investors make these decisions?
Thanks!
I have a basic question: how do you determine if a rental property is a good investment? I have a condo for which rental income doesn't cover mortgage + property tax + condo fee. I can sell that condo and buy something else but incur selling + buying costs. Or I can keep it because it is still building equity and sell it once the GTA market is doing better. How do experienced real estate investors make these decisions?
Thanks!