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Real Estate
Reply to "Explain this - price of condos "
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[quote=Anonymous][quote=Anonymous] You also asked why everyone was not doing this and I understood your question as to be asking why everyone who had 140K in a savings account would not buy a condo outright to rent because of the positive cash flow. Well there's liquidity for one. Another reason is leverage. Why not put $140k down on a SFH in a good area that is appreciating? [/quote] I'm not the PP you quoted, but I think she asked why don't more people invest in rental property, not why don't people buy properties outright instead of with a mortgage. I think the answer has to do also with the hassle of finding and dealing with tenants, managing the repairs, paperwork, etc.[/quote]
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