Just Put an Offer on Another House

[ZKaudio]

there isn't a home in my entire city under 1.3 million. fucking sad. Find me an undervalued coastal community ( no red states ) or I'm going to argentina.

 

[curling]

there isn't a home in my entire city under 1.3 million. fucking sad. Find me an undervalued coastal community ( no red states ) or I'm going to argentina.

See that is the problem those blue states are just too dang high to live in them.

 

[redguru]

Use the rule of 125% of what you are paying including insurance and taxes for rental income.

 

[curling]

Use the rule of 125% of what you are paying including insurance and taxes for rental income.

Explain.

 

[redguru]

Total up mortgage, insurance, taxes and charge 125% of that, if you can't get that much, you're paying too much for the house.

 

[rnch]

perhaps with the rental income you could afford to buy a motel room with TWO bedrooms the next time you and your family go out of town?






lol

 

[curling]

Total up mortgage, insurance, taxes and charge 125% of that, if you can't get that much, you're paying too much for the house.

After doing that i am getting 130%. Just on the money I am netting 12% after taxes and insurance.

 

[ZKaudio]

rent here is waaaay below mortgage prices... that's nto even factoring in prop taxes... avg 1.5 mil home here rents for 3k per month... that ain't makin a profit.

 

[curling]

How many square feet is a 1.5 million dollar house?

 

[bran987]

Do you think 12% return is good for rental property? Do any of ya'll know of a better investment than that right now?

Is that an ATIRR?