Quote:
Originally Posted by slapass
Let me help you a bit.
Rent 1100
Taxes - 120
ins - 60
water - 90
maint 110
vac 55
manage 110
the house in question is a little better then break even. But add in tax benefits and appreciation and it is pretty easy to become wealthy in the long run with this type of stuff.
Buying with both hands at the moment.
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Looking over the purchase agreement to sell them right now. A bundle deal. It was fun while it lasted.
Bought most for about 50k and selling for an average of 95k. That is after brokerage fees.
