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re: Is it worth investigating in a vacation home/rental property right now.
Posted on 8/18/23 at 2:23 pm to NorthEnd
Posted on 8/18/23 at 2:23 pm to NorthEnd
quote:
So if I buy a $500k condo, and put 100k down. Rent it for 3 years at 45k/year, and then sell it for 750k---how much have I made on my money? To compare to the market you'd have to use the $100k as the denominator bc that's the actual capital in. But didn't I make 3X my money in 3 years?
Leverage 101
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