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Updated almost 4 years ago,
Follow the Money or The beauty ?
Found a gorgeous brick ranch with two car garage 10 minutes away for $259 k. Asking price is good.
problem is - taxes are 7000 a year
and it would rent for $2000 a month which means I’d make 200 profit. If vacant I’d need to cover $1800 A month loan payment.
Most of my other rentals are in bad areas and I make 600 a month from them but they are certainly not beautiful.
Trying not to let my emotions get the best of me and to follow the money not the beauty .
anyone ever had to make a choice like this before? how’d it go?