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Reply to "Already hate house"
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[quote=Anonymous]My house prior owner lived in it 12 years and sold it for 35K less than he paid. It still was a great deal. My house my mortgage, taxes, utilities are like $4,000 a month. It rents for $6,000 a month. I know that as my neighbors house is rented out. He saved $288,000 in rent over 12 years. Plus around $120,000 savings on income taxes. He did updates to house but no major reno, think a home depot kitchen and bathroom, painting, roof maint, one hvac. But what was that tops 100K. He came out $273,000 ahead even with the Loss. If I add in real estate commission sale he is still at $200,000 ahead. [/quote]
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