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Reply to "If you have rental property, how much do you make every month?"
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[quote=Anonymous][quote=Anonymous]Asking "how much do you make a month" is sort of the wrong question. The real question to ask would be "what is your return on investment / capital". For example the previous poster says that they are making $1050/month in a townhouse while another poster is making $300 a month. That is great, but how much equity do they each have tied up in their townhouses, that is the real question. If the $1050 a month poster owns a $300K townhouse with no mortgage, then they are basically investing $300K a year to make $12,600 a year. The return on investment would be 4.2% That is pretty good. The $300 a month poster might have a $250K mortgage on a $300K townhouse, so $50K in equity. That is a return of 7.2% on their investment. Which is much better, even though they are making less money each month. [/quote] Good point. I am making $650/month on a house that I have about $60k of equity in. So about 13% per year.[/quote]
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