Quote:
Originally Posted by jimbo2012
They went to sales office, using a purchase price of $325 with 20% down, comes to about $2200 month to carry a new designer home.
So if the market is $1850 that wouldn't work to well.
Perhaps as an investment property a monthly rental would yield more
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Actually profit was less for January, February, March. You have to pay percentage to state, all of the utilities for 12 months. We tried a seasonal rental, following year we went to long term. Many owners buy 4-5 years before retirement, even if you break even or less. It’s money that pays for the home while you are in waiting for retirement.
We purchased a home for our parents to use in winter months, once they were no longer capable of using the home we started renting long term.