You will be 300k in to clear 12k a year plus the hassle of dealing with an illiquid rental far from where you live. That isn’t a deal to sign up for.
If you really, really want real estate exposure: 300k in Schwab US REIT ETF will pay you $12,500 in dividends plus likely more capital appreciation than the rental and is zero effort. Currently beaten down Realty Income would pay $17,400 in dividends on 300k.
I’d just sell your 1/3rd and be done with the rental. And if you want real estate exposure buy an index.
If you really, really want real estate exposure: 300k in Schwab US REIT ETF will pay you $12,500 in dividends plus likely more capital appreciation than the rental and is zero effort. Currently beaten down Realty Income would pay $17,400 in dividends on 300k.
I’d just sell your 1/3rd and be done with the rental. And if you want real estate exposure buy an index.
Statistics: Posted by Evergreen2022 — Fri Jun 21, 2024 8:22 am