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re: How to get into rental property?
Posted on 3/20/23 at 10:54 pm to bostitch
Posted on 3/20/23 at 10:54 pm to bostitch
quote:
Pretty sure it's the 2% of mortgage amount, not just down payment.
no. the percentage we are discussing is called a RTV aka RENT TO VALUE. IOW. rent percentage of the total purchase price.
This post was edited on 3/20/23 at 10:57 pm
1
Posted on 3/21/23 at 11:12 am to Fat Bastard
And in the OPs example he used down-payment instead of the purchase price of the home. I used the wrong word, mortgage vs purchase price. Don't be a count
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