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 have a house that I purchased with the VA loan. I didn’t put anything down and financed 100%. I only lived in it for 2 years but have continued to rent it out for the last 12 years.
I live in a different state and only make about $3K per year in rental income. Over the last 12 years the house has appreciated from $250K to about $550K. I could take the equity out of that house and finance other properties but I probably won’t. However, eventually this house will be paid off and it will be 100% profit for a very little investment.
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