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Reply to "Why are people so obsessed with rental properties yielding positive cash flow?"
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[quote=Anonymous][quote=Anonymous]I paid 290k cash my condo in a distress sale 10 years ago. Common charges and taxes are 700 a month and insurance $50 a month. I have it rented $2,250. It is worth $450k. But I had $18k income for 10 years. If I bought more would have done a mortgage. This was a one time thing. Some investor guy got three run down or worse location units three for 725k cash. He making $50k a year last ten years. His units way up. Different strokes. That guy also bought a yacht cash. [/quote] That means you made $340k on a $290k investment, for a total of $630k. If you'd invested that $290k in a S&P 500 Index fund at the beginning of 2012, you'd have $1,235,549 now. [/quote]
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