/biz/ - Business & Finance

>>2607814
property (2014) 1.1m Condo luxury.

$250k down
$850k mortgage, 30 years @ 2%
$3,138.25 monthly mortgage payment (1.4k to bank/ 1.8k principle)
$620 HOA
$2010 property tax

**$3972.5 monthly*** Self managed expenses

Although interests payments slowly decline with some mortgages overtime lets assume its max above. So if you could buy the place outright
you would still have 850k minimum left over, you can turn this into 1.4k< passive flow a billion different ways. High rental yield B+ properties, index funds, even shitty bonds.
Taking on debt and have spare liquidity is the ultimate way to build, look at what all RE developers due, paying that much for cash (or rent is retarded)
Here is RE portfolio

Property, former PR:
#1
1.1m
$250k down
$850k Mortgage

$3972.5 monthly expenses

I rent this out furnished for $4500 a month now, so while the down payment was massive I am actually still cashflowing and the appreciation is just insane, the property is probably worth 1.3m~ now but I am a Hodler

#2
$750k
$250k down

$1846 monthly payment + whatever property tax is (I forgot) hoa like $300

I rent it out, furnished for $2900

#3 (same building as #2)
$750k
$250k down

$1846 monthly payment + whatever property tax is (I forgot) hoa like $300

I rent it out, furnished for $2900

#4


roughly $410k invested all payed off (can't finance in this market but looking for private money)

$3700 net a month

A bunch of oversea shitboxes in a niche market that I can't talk about. But the yields here are after all expenses including property management 11% NET and the appreciation has been great so far. This is my primary source of income while my other units build whealth and pay for themselves

I really like RE because I beleive it hedges against inflation better than stocks/index funds but I am slowly building an index portfolio off my extra $ but I believe we are overdue for a correction so I'm still picking up RE. I usually live in SEA/med Europe etc just traveling