Quote:
Originally posted by hyper
my mom bought her house in 91
paid 125k for it
average selling price in the neighborhood now is 99k.
fuck real estate
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Go look into it a little bit more... A house can always be rented out for more than you are paying for mortage usuaully
so your mom let's say is paying probably no more than a grand for mortage,same house could be rented out for a few hundred over a grand,she pays the mortage and pockets the rest... now do that with 20 homes and you have got yourself a career
... I'm sure somebody could go into more detail than me so I'll just leave it at that... real estate investment will never be a bigger risk than the stock market