>watch american real estate investors on youtube
Posted by
Anonymous
12 hours ago
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>they take a loan to buy property and the rent is higher than the loan
how the fuck is this possible
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They also have to buy insurance on the house, plus if the renter trashes the house YOU have to pay for repairs
Sounds like the bank is making shit up to get people to take out mortages on houses
Real estate is one of the biggest scam markets around
man i wish i were born in dubai or china so i could be the son of an actual american land owner
:/
it's normal. my mother in law owns and lives in a duplex and rents one side to a little old lady. The rent pays the mortgage and nets her a profit. When you rent, you are paying for the building, plus the property tax, plus the interest, plus a profit.
Principal on a home loan is only about a third of the total monthly payment.
>When you rent, you are paying for the building, plus the property tax, plus the interest, plus a profit.
>interest
what?
you mean you're paying for the owner's interest on the loan they're paying to own the building?
they provide a service that the bank does not want to offer and/or get loans with better terms then rentoidcucks