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Reply to "Stocks, rental property, or upgrade house?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]NP .. I am a tad surprised that a lot of folks are saying that renting is not the way to go. If you have paid off the house .. isn't the rental free cash flow ? What am I missing ?[/quote] Just to give you a basic idea of how the numbers work out on a townhouse I have in VA. House is paid off and worth 350k. I net approx 1k/month. I bought the house for 175k, and prior to the mortgage being paid off, I would break even. Right now I am basically getting a 5% rate of return. So the rate of return isnt the greatest, but it's ok when you consider that it's reliable income.[/quote] Consider adding a basement rental unit and rent the main house and basement separately: you will get return close to stock market and guaranteed+will leave an asset to your kids. [/quote]
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