Quote:
Originally Posted by Sly
Note: your local market would play a factor in this as well. I know some people that rent out houses and the landlord takes care of the yard... I know others where the tenant takes care of the yard. If the landlord takes care of the yard, that is a lot of extra work you need to deal with particularly when you talk about multiple houses. It really depends on what you can do in your market.
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In our market, the rentals for a house like I am looking at, USED to run around $750.00 a month. It was kinda capped around that (or so some said). Now the rents for similar, and a little bigger, are running as high as $1200.00 a month!
That is quite a fucking jump!
But even more, a $25,000.00 fixer upper. Even if you rent for 10 years, wait for economy to rebound, you should be able to get a decent return. Plus, you do not have a huge mortgage payment in the short term.