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Real Estate
Reply to "Best place to buy a rental property investment "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Please give me the numbers - down payment, HOA, taxes, price, interest rate and what you would charge. I'll do the math for you rent vs buy. There's a 2-bedroom in my building I would like to buy or rent. I did the math. After renting for 30 years, I could buy the rental out cash and the unit next door. This is not a special case. People just don't do the math.[/quote] Please, someone translate.[/quote] PP is saying that, by renting for 30 years, he'd save so much money versus owning the same condo, that with all the money saved, he'd be able to afford to outright buy not just the unit he was renting but also the next door unit. It's a clunky way of saying that buying a condo right now to rent it out does not make financial sense.[/quote]
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