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Money and Finances
Reply to "Stocks, rental property, or upgrade house?"
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[quote=Anonymous]We kept our condo from 15 years ago and rent it out now. I would never do this voluntarily. When we started renting it out 10 years ago, we were barely breaking even. We figured after several years we would turn a nice profit. Nope. Cost for repairs has gone up a lot, and we hired a management company because we're just too busy now to do it ourselves. Still barely breaking even. We'll have to replace the appliances soon, and that will eat into any equity we've built. If you don't have a job and want to make owning real estate your hobby project, then I think it could be profitable. But juggling it on top of 2 full time jobs + kids, I wish we had sold and bought stock.[/quote]
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