Talk of The Villages Florida - View Single Post - When Do You Buy Your Home?
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Old 07-10-2019, 01:19 PM
Two Bills Two Bills is offline
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Quote:
Originally Posted by Toymeister View Post
We bought five years early to take advantage of leverage.

Let's say a 300k home, 20% down. 8k in misc costs and 4k annually in costs not covered by renters. Three years advance purchase.

80k all in. 300k with 5% annual housing price increases = 347k home. 47k appreciation on 80k investment in three years.

Yes, yes, yes! There are risks, it can be a hassle, housing costs might not increase 5%, nor am I including the principal reduction.

It has worked well for us. Renting can be easily handled and does not require hiring a property manager with the associated 17% commission on rent.

I bet you use the Bryson DeChambeau method when you play golf!