Imagine you could buy a 450-500k 2 bedroom 2 bathroom condo with a 4.5% interest rate fixed for 5 years, 20% downpayment. In a downtown area of a city. Annual management fees are 3500, insurance is 90/month. Total monthly payment 2500. Same as rent would be or a bit less. A bedroom could be rented out tax free for 1150. Would you do it? The alternative would be renting.
Submitted October 08, 2023 at 04:23AM by c_cristian https://ift.tt/RTQywBS
