Prashad posted:KP I am talking about the yearly tax that you have to pay to the municipality plus insurance plus the cost of upkeep plus the mortgage. It all adds up.
For example I have a two bedroom condo rented for $2500 per month my total monthly expenses adds up to $1900 , I make $600 per month plus appreciated value of the property and every monthly mort gage payment some goes towards reducing the principal. As usual it's location, location, location. $600 Is good return on my downplay mentioned of 20%. Many times I purchase before the ground is broken from the builder.