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Old 08-06-2013, 02:12 PM
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Originally Posted by Unregistered View Post
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?
I will all in cash, will use wife's savings to pay the transaction costs and duties, still have $200k as emergency fund.

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