Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
Hidden costs in owning fedex routes
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="dmac1" data-source="post: 2519503" data-attributes="member: 60252"><p>PITI IS mortgage, taxes, insurance. Maintenance I did mostly myself. Painting cleaning, etc is pretty easy, and so are most minor repairs. Closing costs are minor and one-time. And I don't know where you live, but homes in most metro areas have exceeded their 2008 values. My last home was bought for $97k just a few years ago, great opportunity to buy, and is now worth around $140 with a loan balance of $87k. So my $10 k downpayment is now worth about $40k, even after selling expenses.. Metro areas closer to big cities have done even better. </p><p></p><p>And are you adding in the amount your tenants are paying toward the loan balance??? Over a 30 yr period, the tenant is paying about $6000 a year in principal- your tenant is buying a house for you. You need to add that to the return on investment.</p></blockquote><p></p>
[QUOTE="dmac1, post: 2519503, member: 60252"] PITI IS mortgage, taxes, insurance. Maintenance I did mostly myself. Painting cleaning, etc is pretty easy, and so are most minor repairs. Closing costs are minor and one-time. And I don't know where you live, but homes in most metro areas have exceeded their 2008 values. My last home was bought for $97k just a few years ago, great opportunity to buy, and is now worth around $140 with a loan balance of $87k. So my $10 k downpayment is now worth about $40k, even after selling expenses.. Metro areas closer to big cities have done even better. And are you adding in the amount your tenants are paying toward the loan balance??? Over a 30 yr period, the tenant is paying about $6000 a year in principal- your tenant is buying a house for you. You need to add that to the return on investment. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
Hidden costs in owning fedex routes
Top