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Use it as down payment for three condos in Austin TX and rent them.
by tzury 6y ago
Use it as down payment for three condos in Austin TX and rent them.
- latchkey 6y agoI thought about doing rental properties and then came to the conclusion that the amount of work to make that happen, just isn't worth it for the average person. You're either stuck hiring some management firm or doing it yourself. It isn't easy to get the capital back and will take years to see any sort of returns. Never mind the fact that we're in a pandemic where ~1.4M people a week are losing their job. Who are you going to rent to?
- triceratops 6y agoIt may also mean there are desperate landlords looking to sell. If you can deal with reduced/no rent for a year, there might be some great bargains maybe?
- latchkey 6y agoThat seems like an increase in risk disproportional to the return on investment.
- atwebb 6y agoWhew, really, really run the #s, I've seen some things listed there that are absolutely losing money (beyond the depreciation part). $450k renting for mid 2k.