And be sure to do the math carefully before you decide.

:)This last week I finally decided to question the buy versus rent math for myself, found myself some helpful articles and crunched some numbers.

For example, an owner headed to foreclosure might sell you a property "Subject-To" where you take over their loan at a LOW LOW rate which changes the math a LOT when analyzing a deal!

I agree, if i have done my math right, i should be able to buy 4-5 houses with the 6th house having a 250k mortgage due to the 1031 exchange rules to avoid the boot.

I would think it would at least be worth talking over with the underwriters; for someone who doesn't have a load of cash sitting around, I think it is a viable option, and as I showed in the original post, the math still works out to save money monthly... seems like a win-win to me.

Go to college and get a firm background in math and finance and - most importantly - whatever interests you as a human being.

Real estate agent math is like toilet paper math. 27 mega rolls equals 732 regular rolls. 

Do the math, if they will not reduce, then move on, it's only a thousand bux.

Do the math.

Quote from @Dennis Dougherty: I think your math is wrong.The current home will rent for $3,500.