Now that I have my first home I started thinking about the next 5-10 years, whether or not I will keep this house and rent it out for supplemental income or just sell it. However my question is how do people actually make any notable money off the rent? Currently I have a 2200sq ft single family home and my mortgage is 1300/month. Most rent around where I live averages around 1000-1500 so at best I could take in $200/ month profit which is only $50/week and that doesn't even include operating expenses and if something breaks etc. So how exactly do people make money in this regard? I feel like I'm missing something in the equation
Submitted January 12, 2017 at 07:28AM by tametrees http://ift.tt/2ijH4te
