Rentvesting sanity check

I’m diving into the deep end with a big move by taking the common advice by putting our home on rent, then renting where we want to live.

HHI this FY was net ~331k.

Monthly spend, including a 3.5k mortgage at P+1 is about 7.5k. On an IO loan, the mortgage goes down to 3.2k.

We want to rent a place for 950 per week.

Current PPOR was appraised at around 580-620 per week rental income.

If I go for the 950 p/w nice house, our monthly spend goes up to $9250 per month.

All I want to know, as i’ve never been a big spender, is if this 950 per week figure is good and doable, and if people in similar income bands are paying around this much. And also - how much would be your upper limit in terms of living in a rental per week while having the IP generate rent on the side?

Cheers

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u/draganilla — 7 days ago
▲ 54 r/TESVI

Fuck you all, i’m so excited

Once upon a time, I was a young 16 year old scholar of r/teslore expounding upon Khajiiti and Dunmer race theories and teaching those with doubts upon CHIM and Kirkbridism. Now I stand, 11 years later, as a man with a mortgage, wife, business, and kids.

And again, my mind is enlightened to Tamriel. The c0da has activated. And I am finally ready, once again, to bare my curved sword.

Fuck yeah, N’wahs. Get fucking hyped.

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u/draganilla — 8 days ago

Doing a 4x4 camping road trip for 4 days soon. What are the best locations to go right now?

After our son kul lake horse trek we will be 4x4ing the wild. We dont want to hike too hardly. We want to do altyn arashyn in some form but are wondering how and where to sleep each night during the 4 days driving. Any suggestions? :D

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u/draganilla — 1 month ago

Selam :) Will be visiting in July. Looking for Sufi friends to maybe join a sohbet or zikr.

Could anyone point me in the right direction? Thank you!

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u/draganilla — 2 months ago

Selam!

I’m looking at organising a trip to Kyrgyzstan in July and was trying to book a Song Kul lake horse trek from the July 21-23. Are these festival dates or something because I haven’t seen many availabilities on these dates!

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u/draganilla — 3 months ago