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Isn't renting supposed to cost more than buying? When it is the opposite, what is the reason for it?
2023 Jan 27, 3:22pm 6,925 views 42 comments
by GNL follow (0)
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42
Eman
2023 Feb 11, 7:35am
Eman
2023 Feb 11, 7:35am
GNL, saw this post on Quora and thought of your post. 441% return since 1987 and 207% return since 2008-2009 housing crash. Apply the ROI by a factor of 4 assuming 25% down payment. This doesn’t include the increase in cash flow over the years. Has rent gone up 3-4x since 1987? Has rent gone up 1.5-2x since the 2008-2009 crash?
The assets bought in 1987 should be free and clear by 2017 if one didn’t do anything with it. What if the owner repositioned the asset a couple times during the ownership to acquire a couple more properties? When doing this in real life, it’s like the monopoly game.
My ROI since the housing crash is not 207% times 4. It’s by a much bigger multiplier since I’m a value add investor. I wanted my seed investment back within 6 to 12 months so I could keep acquiring. It can be a lucrative investment/biz for someone who is driven, dedicated and likes this line of wealth building. It’s like tree planting. One time effort for many years/decades of fruit harvesting.
https://www.quora.com/Is-real-estate-a-viable-option-to-accumulate-wealth/answer/Patryk-Wlodarski?ch=15&oid=1477743634679422&share=3906e9f3&srid=hK5Qu5&target_type=answer
The assets bought in 1987 should be free and clear by 2017 if one didn’t do anything with it. What if the owner repositioned the asset a couple times during the ownership to acquire a couple more properties? When doing this in real life, it’s like the monopoly game.
My ROI since the housing crash is not 207% times 4. It’s by a much bigger multiplier since I’m a value add investor. I wanted my seed investment back within 6 to 12 months so I could keep acquiring. It can be a lucrative investment/biz for someone who is driven, dedicated and likes this line of wealth building. It’s like tree planting. One time effort for many years/decades of fruit harvesting.
https://www.quora.com/Is-real-estate-a-viable-option-to-accumulate-wealth/answer/Patryk-Wlodarski?ch=15&oid=1477743634679422&share=3906e9f3&srid=hK5Qu5&target_type=answer
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All in, $4,300/month. Rental income potential = $3,000.