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Subject:
Real Estate- In what locations do rents exceed borrowing costs?
Category: Business and Money Asked by: ajj1976-ga List Price: $25.00 |
Posted:
10 Jun 2006 12:36 PDT
Expires: 30 Jul 2006 22:34 PDT Question ID: 737024 |
I am interested in buying an invesment property in an area where the rent I can charge would be greater than my mortgage payments. I am looking to buy a home for about 200,000K which means that I need to charge about $1,600 a month in rent to cover my costs. I want a list of 5+ cities/towns with populations of 30,000+, 75 miles or less from major metropolitan centers of 150,000+ where 200K buys a house that would rent today for $1600 or more per month. |
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There is no answer at this time. |
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Subject:
Re: Real Estate- In what locations do rents exceed borrowing costs?
From: jack_of_few_trades-ga on 12 Jun 2006 06:39 PDT |
In the late 1990s this wasn't hard to find... but I'd be quite surprised if such a location exists today in the US. |
Subject:
Re: Real Estate- In what locations do rents exceed borrowing costs?
From: govtwork-ga on 05 Jul 2006 08:54 PDT |
You're been watching too many paid-TV ads on how to make a fortune in real estate. Houses make very poor rental property investments. Rental properties typically sell by the 100-units and cost $40K-$90K per unit. If you're talking about 'flipping' a property, that's not renting, that's pure speculation. |
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