Re:American Dream For Rent: Investors elbow out individual h...
by jonfw on Monday February 20, 2023 @01:58PM
(#34871448)
If it costs 2k/mo just to insure, maintain, and pay taxes on your property, how is somebody renting something comparable for 3k?
the landlords in your neighborhood are only taking 1000 a month to service their loans, their overhead, and then take profit? Sounds like a tough business
$2800/mo interest on my 5.5% $600k mortgage
$1000/mo repairs.
$500/mo insurance.
$200/mo equity on the loan.
I'm spending $57,600 to buy $2,400 of equity.