Originally posted by @Account Closed:
Originally posted by @Troy Whitney:
Oh my! Now I must see your figgers. You are like Donald FN Trump. (I sense a little of that bitterness again. Edit by RD in parentheses)Yep, you smacked the smugness rite outta me. Please elaborate on your rent ratio returns!!!
500 houses times $806 ALL in equals..$403,000!!! He's a thousandaire!
In this thread and others you derisivly point out "Newbie mistakes"
Without name calling allow me to ask about the mistake ridden above post.
I don't have 500, I have 25 but we'll let that go. I'll use your figure.
What does the price I paid have to do with my net worth? Are we counting marbles in our jar? In HI are your properties only worth what you paid.
Wouldn't it be better to multiply value instead? 500 × $23,000 = $11,500,000.00.
The other figure you also didn't calculate that might have some relevance is what is gross rent? 500 × $650 would be $325,000.00 per month.
I already said I don't have 500 houses that was a number you made up to ridicule.
I also would like to make it clear that $806 purchase do no work rent for $650 per month is not typical.
I will be selling that one and I'll let you know how much it sold for. Because I need money to fix my $5000 puchase that will rent for more than $4000 per month.
$150 to $750,000.00 in 6 years.