I can’t really wrap my head around it, you can have a tenant in there that maybe covers the mortgage, but it’s not really a good investment if you’re not getting a return?
Even if you use 500k to buy a property cash, wouldn’t that money be better off in the market?
In: Economics
I’m addition to others, You don’t rent them for what your mortgage payment is, you rent them for around 20 or more percent over to pay property taxes maintenance etc. It has to cash flow and once you own it outright things really start cooking.
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