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The Water Cooler
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Best Interest rates or Investment ROI?
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<blockquote data-quote="FullAuto" data-source="post: 2685548" data-attributes="member: 5110"><p>That sounds great and maybe I'll get there some day, but currently I don't think I could pull that off in the price point I'm comfortable with. Even my cheaper homes are fixed up to a certain standard. I've looked at some that were rented where I could buy and leave them in there. But I wasn't comfortable with owning a home in the condition those people were living. I had to pass because I would have had to kick them out immediately and go through the entire thing. The house was priced a little higher because it came "livable" with tenants. But I wasn't paying extra for that type of livable and those tenants. </p><p></p><p>I'm also not to the point where I want to pay the mortgage on a >$100k home if they become vacant (because anything I buy will have a payment). Payments on these small houses are all under I think $360. I try to structure so 1 house's rent will pay 2 house's payments in case 1 is empty.</p></blockquote><p></p>
[QUOTE="FullAuto, post: 2685548, member: 5110"] That sounds great and maybe I'll get there some day, but currently I don't think I could pull that off in the price point I'm comfortable with. Even my cheaper homes are fixed up to a certain standard. I've looked at some that were rented where I could buy and leave them in there. But I wasn't comfortable with owning a home in the condition those people were living. I had to pass because I would have had to kick them out immediately and go through the entire thing. The house was priced a little higher because it came "livable" with tenants. But I wasn't paying extra for that type of livable and those tenants. I'm also not to the point where I want to pay the mortgage on a >$100k home if they become vacant (because anything I buy will have a payment). Payments on these small houses are all under I think $360. I try to structure so 1 house's rent will pay 2 house's payments in case 1 is empty. [/QUOTE]
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