Yes, it’s true. Are you considering being a landlord? So many are interested in acting on the low prices and low rates but selling their home is not an option for one reason or another. Purchasing now, with cash flow, is a winner!
Look at this conservative example.
Loan Amount 165,000.
P&I payment at 5% = 885.76 on 30 Year mortgage
Rents received = 1,300-1,500 = CASH FLOW
*estimated taxes and insurance = 130.00 mo.
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