Talk of The Villages Florida - View Single Post - Renting and flipping alive, well and needed to keep prices up?
Thread: Renting and flipping alive, well and needed to keep prices up?
View Single Post
 
Old 06-11-2023, 06:54 AM
melpetezrinski melpetezrinski is offline
Senior Member
Join Date: Jan 2018
Posts: 227
Thanks: 0
Thanked 183 Times in 105 Posts
Default
Quote:
Originally Posted by Pairadocs View Post
When I read the first post on this, about the "couple" who buy these houses and don't even rent some of them, just wait a couple years and sell them. But I wonder, do they calculate that monthly amenity fees on each one, the bond fees, the property taxes, and... don't they have to keep the utilities on in these homes ? Don't they have irrigation on ? And lawn mowing services ? I know property appreciates but... there are a LOT of expenses that go along with the property that needs to be considered !
Prices have doubled in the last 5 years. So, if you bought a $250,000 home 5 years ago, you would have made $50,000 per year. Do you think that covers all the expenses?