AA Blog

We went to Texas last week for a wedding and notices that there were a lot of dallas homes for sale.  Out of curiosity, we went to look at a few of these homes and were certainly pleasantly surprised.  For the most parts, dallas homes seemed to be built well and very roomy.  Have nice landscaping in the front and usually a very large sized back yard that is also nicely decorated and maintained.

This got me thinking.  The prices fo the dallas homes for sale we saw were not that high, and we can certainly afford it.  So, if we purchase one of these homes with a big enough down payment, the monthly rental income we can get for a single family home would be more than enough to cover the mortgage and utilities.  In short, the rental income would cover the monthly expenses of the property.  It would be like having money in the bank and the property’s appreciation would be the equivalent of the interest payment that a bank deposit would be receiving.  Additionally, the expenses incurred from this property can also be recognized as income tax deductions thereby providing more benefits.

All I need to do now is the math.  I need to figure out what the minimum down payment amount needs to be so that the rental income from the property would produce a positive cash flow.  Once this is done, I will contact a Realtor in Dallas and get this rolling.