Quote:
Originally Posted by Unregistered
I think you forgot to calculate the mortgage you need to pay every month. For $800k condos let's say you pay $200k and borrow $600k then you need to pay arround $2800/month for 30 years. If you rent out for $3000/m, then your net passive income is only around $200/month (not $3000/month). Do you think it worth?
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Capital gains alone can boost your profit margin by hundreds of percent. It's not the rent, it's the upside of the selling price.
Then again, the price can move downwards. But it's been up up up. Only way is up.