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SVTPerformance's Chain of Restaurants
Road Side Pub
Interested in hearing from people who rent out property
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<blockquote data-quote="Klaus" data-source="post: 16204090" data-attributes="member: 190070"><p>As a percent of investment? (Monthly income - financing cost - all other cost/taxes) x 12)/your investment. I would be surprised if it much more than 7% and that assumes that you accurately modeled all the hidden cost, your time in maintaining it, step ups in property tax rates, etc. etc.</p><p></p><p>Not trying to shit all over your idea, just want to make sure you put appropriate level of thought into it. Alternative is to simply buy a stock or bond that pays you this income without the headache and you can sell for $6.99 with a mouseclick if you ever need the money. Vs. 7% realtor fee and a few months on the market (if you are lucky) if you ever want to sell your rental house.</p><p></p><p>The best hope on home rentals is break even on monthly income over entire hold period and make money when you sell it. That assumes that you are buying right which may be tough to argue in current market.</p></blockquote><p></p>
[QUOTE="Klaus, post: 16204090, member: 190070"] As a percent of investment? (Monthly income - financing cost - all other cost/taxes) x 12)/your investment. I would be surprised if it much more than 7% and that assumes that you accurately modeled all the hidden cost, your time in maintaining it, step ups in property tax rates, etc. etc. Not trying to shit all over your idea, just want to make sure you put appropriate level of thought into it. Alternative is to simply buy a stock or bond that pays you this income without the headache and you can sell for $6.99 with a mouseclick if you ever need the money. Vs. 7% realtor fee and a few months on the market (if you are lucky) if you ever want to sell your rental house. The best hope on home rentals is break even on monthly income over entire hold period and make money when you sell it. That assumes that you are buying right which may be tough to argue in current market. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Interested in hearing from people who rent out property
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