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Joined: Dec 2004
Posts: 19,308
Old Mossy Horns
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Old Mossy Horns
Joined: Dec 2004
Posts: 19,308 |
My parents are looking to move closer to us since the are really getting up in age and the wife and I have been helping them look for a home to purchase. WOW!!! Prices are sky high! That got me thinking about folks that buy houses to rent out. How do you determine how much rent to charge? Seems to me, if I buy a home for $260k-$300k, and yes, that’s for smaller, newer homes, I’m going to want to make at least 10% on my money, per year. But, I can’t see who in their right mind would pay that kind of money in rent. How does it work?
If voting made any difference, they wouldn’t let us do it.-Mark Twain
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