Quote:
Originally Posted by Jayhawk
I guess some of us are "glass half full" people. I look at this deal as a property bought by an investment firm to RENT it out, which is just what they did apparently for 2 years. If they averaged $2,400+ per month(their last posted amount), they may have generated $60,000 +/- in income. And as a rental, they could depreciate the cost of the home for all the time they own it. Not impossible that they end up making $20-40,000 including tax treatment on their investment for a bit over 2 years.
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We are renting our house out. It isn’t all it cracked up to be. Taxes and the District bill eat up a lot. The rental management eats up some and we still have taxes for Leesburg, Lake county and the school district. I promise you, they didn’t or aren’t going to make out.