Quote:
Originally Posted by Peaches
Rent and what someone paid for a house don't always match with each other. Many people LOSE money on monthly rent in areas they know are going up in value. And many people make 100% in rent on paid off properties - some where they might have bought it at 10% of what similar places are currently selling for. The market dictates the rental price, not always the price of the property. Renters couldn't care less what you paid for the house if the one next store is renting for less.
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bdjuf wants a cash flow positive property. And I'm 90% sure that DH only deals in cash flow positive property. If the mortgage alone is $2k (not including taxes, insurance, maintenance, management, etc) that means the property must rent for a minimum of $2k, more like $2.3k I would bet.
What part of your statement am I missing? Or what part of my statement are you missing?
This is about cash flow positive properties. Not flipping a house in 2 years because it "might" go up, which by the way is the reason a lot of people are filing bankruptcy right now. Oops.
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