11-07-2006, 06:28 PM
If you're going to buy to rent, you really can't put no or little money down and expect rent to cover the mortgage. If people could afford the rent you charge then they'd just buy the damn thing themself. The real money is made because someone else is paying the mortgage and you get the increase in value as equity on your initial investment after you sell.
If anyone wants some help on a down payment for a condo and is willing to put in writing that proceeds are split accordingly, let me know.
If anyone wants some help on a down payment for a condo and is willing to put in writing that proceeds are split accordingly, let me know.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth