LogFAQs > #943606171

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Topic	Why aren't you guys investing into real estate?
Austin_Era_II 08/20/20 10:07:39 AM #20:	If you put 10% down on $250K or more at 30 years you should make a gain based on rent coming in which offsets the mortgage and property tax along with home insurance (I'd assume that house home insurance is like $80-90 a month similar to what I pay at my house). Renters pay for utilities or if AirBnB has a better demand in that area that might be better. My current home is a bungalow where I rent the basement. So I'd prefer a bungalow type if I can get 2 different tenants in. I haven't sat down with an accountant yet in regards to taxes. --- Currently playing: God of War III MCMLXXXV <cite>Austin_Era_II posted [p:943606171] in Why aren't... [t:78923121]...</cite> <quote>If you put 10% down on $250K or more at 30 years you should make a gain based on rent coming in which offsets the mortgage and property tax along with home insurance (I'd assume that house home insurance is like $80-90 a month similar to what I pay at my house). Renters pay for utilities or if AirBnB has a better demand in that area that might be better. My current home is a bungalow where I rent the basement. So I'd prefer a bungalow type if I can get 2 different tenants in. I haven't sat down with an accountant yet in regards to taxes. --- Currently playing: God of War III MCMLXXXV</quote> ... Copied to Clipboard!
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