Quote:
Originally Posted by Mutt
For those who invest in residential/vacation properties do rents cover your mortgage payments and maintenance costs?
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Most years yes and then some. A few unexpected repairs and vacancies and it's easy to be upside down, but if you put away in the good years you'll be just fine during the not so good ones.
Quote:
Originally Posted by woj
It sounds impressive, but really it's not... you could have bought sp500 index fund and doubled your money too, with zero work or worry... with some leverage and/or buying some slightly riskier assets could have very easily tripled your investment...  |
The difference is with a property it's the tenant is paying off the asset for you. Plus if or I should say when the market tanks like it does every 8 to 10 years at least you have a house you can live in;-)