Posted by Ronald * Starr(in No CA) on September 17, 2003 at 10:40:35:
I suggest you first read my post for beginners which can be found by putting “beginners success” into the search function on this main bulletinboard of this CREONLINE.COM website.
The higher the value of a property, in general, the lower the ratio is of rent to property value. Thus, for best cash flow you want own rental properties as far down in price range as you can stomach. I say this because I suspect that your house is in a nice area and may be too valuable to make the best rental property. You might want to consider selling it outright–the first $250K/person of capital gain is NOT TAXED at the federal level. Then, you can invest that money into something which has better cash flow, if it is cash flow which you are after.
Good Investing*********Ron Starr************