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Updated over 3 years ago on . Most recent reply
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I cant seem to get the math to work on the rent
Im a Newbie, Ive just recently gained interest a few months ago and have been doing research. Im from Canada and im guessing most of your guys are in the US. but when I do the math I can seem to have the rent cover the mortgage plus other expences. Do you guys make a multi units, or am I just looking in the wrong spots?
Most Popular Reply
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If you’re going in those areas, it’s ideal to duplex. I have a duplex in Guelph I bought for $685k and it pulls in $2315 in the top unit and $1750 in the lower. Thats $4065/month. My monthly interest on the loan is $819, property taxes $272/month, and from there add in maintenance, insurance, cap ex, etc.
you can find them…. I went door knocking to find mine.