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Here's a mortgage calculator: https://www.google.com/search?q=mortgage+calculator https://www.google.com/search?q=mortgage+calculator 500k property at 2.75% is

Here's a mortgage calculator: https://www.google.com/search?q=mortgage+calculator https://www.google.com/search?q=mortgage+calculator 500k property at 2.75% is $200k down gets you under 15k (this is very similar to my current mortgage) Now you're going to object that the interest rate isn't that anymore, which is irrelevant. There are numbers that will work which are simply an example to illustrate how depreciation works, and you just don't like the arbitrary scenario. The math makes sense.

llbeansandrice 4y ago
Where on earth can you find a 2.75% rate?
- Supermancho 4y ago
  Between banks and with very large real-estate purchases, it's still a thing. Before the rate hike at the end of last year, you could get it from many places. My wife and I happened to buy a home in ND last year. Here's a mortgage statement from US Bank showing the rate: https://imgur.com/a/Nq597zF https://imgur.com/a/Nq597zF
adamsmith143 4y ago
Mate who cares about rates from years ago. You aren't getting anything under 5 these days. Not to mention those rates are for primary residences, you get even worse rates for investment properties. The point is if you have 200k to put into a rental property you are already wealthy way beyond an average American.
- deleted 4y ago
  [deleted]
- Supermancho 4y ago
  > Mate who cares about rates from years ago. You aren't getting anything under 5 these days That is irrelevant. The point was the role of other vehicles in investment properties, wherein the GP diverted into arguing about the specific numbers being used. > The point is if you have 200k to put into a rental property you are already wealthy way beyond an average American. That's your point, which is not in dispute.
jjav 4y ago
> The math makes sense. If you really feel that way, I recommend getting loans to buy some rental properties and become rich. Personally whenever I run the numbers on purchasing a rental property, it never has made sense economically so I haven't.

llbeansandrice 4y ago

Where on earth can you find a 2.75% rate?

Supermancho 4y ago
Between banks and with very large real-estate purchases, it's still a thing. Before the rate hike at the end of last year, you could get it from many places. My wife and I happened to buy a home in ND last year. Here's a mortgage statement from US Bank showing the rate: https://imgur.com/a/Nq597zF https://imgur.com/a/Nq597zF

adamsmith143 4y ago

Mate who cares about rates from years ago. You aren't getting anything under 5 these days. Not to mention those rates are for primary residences, you get even worse rates for investment properties. The point is if you have 200k to put into a rental property you are already wealthy way beyond an average American.

deleted 4y ago
[deleted]
Supermancho 4y ago
> Mate who cares about rates from years ago. You aren't getting anything under 5 these days That is irrelevant. The point was the role of other vehicles in investment properties, wherein the GP diverted into arguing about the specific numbers being used. > The point is if you have 200k to put into a rental property you are already wealthy way beyond an average American. That's your point, which is not in dispute.

jjav 4y ago

> The math makes sense. If you really feel that way, I recommend getting loans to buy some rental properties and become rich. Personally whenever I run the numbers on purchasing a rental property, it never has made sense economically so I haven't.