Sooo my wife and I are putting the house up for sale
, (Vancouver BC where they do sell fast
). We are planning to use part of the money
to buy a house near Phoenix Arizona as an investment with rentors/property management.
My 2 bits worth.
I have lived in Canada
for years and know Vancouver well.
With plans like yours ( I have the same), I would not sell in Van and buy in Phoenix unless i was intending to retire there. Who wants to live in the middle of a bloody desert anyway?
I don't know your financial situation but kick this around along the lines of "better the devil you know" etc. Rent your home out in Van, take an equity line, not a loan, you don't have to use the money
. It's for emergency's.
Bear in mind that renters don't treat your house like you do so suck it up and expect that any expenses as the cost of doing business.
Get a good agent. You live there right? I have 2 rentals in Oz and one in US. Expect your expenses to be 40%. Agents fees
, loss of rental income
etc.etc. I'm not pessimistic, Just don't like bad news to spoil my fun.
If you haven't sailed, there were a few good sailing and charter
clubs around Van. I used to use them.
The grass always looks greener on the other side of the fence but why trample your own to get to it.
Stick with a monohull
until you get your feet wet. Remember, there is a lot of inexpensive boats out there. They are also all over the country and the purchase price
is only your first dip into your pocket.
Gawd that made me thirsty.