All Forum Posts by: John Collins

@Pratik P. Yup, that's also what I gathered while doing my brief research. At best my renting ROI would go even.

So the question is will the house appreciation in the Folsom/El Dorado area be worth it for the negative or even rent ROI?

I’m a 24 year old living in Folsom at my parents house. Because of this I have a monthly savings Tate of 85% on an 80k salary. I plan to live at my parents house for another year or two.

I now have 100k on hand and was thinking of buying a house in the Folsom area and renting it out.

Is this a good idea?

100k is a 20% down payment on a 500k house, and on Zillow a 500k house has a mortgage of 2.4k with a estimated renting price of 2.6k. Is it worth doing something like this for the appreciation and rent surplus?

Is somewhere like El Dorado area better to invest it?