Quote:
Originally Posted by TheWatchGuy
but whats the cost to rent those mill plus places?
people arent going to rent their places for less than what they spend for owning + property management fees + a little extra.
no one is just giving places away unless you are in the middle of nowhere
|
haha, so wrong my friend... this is universally false in the downtown area of Miami... unless you bought cash, your monthly ins are always less than your outs...
Common Example- 300K condo miami... rent ~$1700 a mos (at most)... loan is about that for 30 years plus $430 HOA and $250 a mo taxes... talk about a terrible deal to purchase...