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/biz/ - Business & Finance

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53733209 No.53733209 [Reply] [Original]

check your zestimate.

>> No.53733234

>>53733209
It's completely inaccurate because my house isn't for sale and I doubled rent so I live there for free anyways.

>> No.53733844

>>53733209
Mine keeps going up is it real? Can I actually sell my house for 2x what I bought it for just 5 years ago?

Oh it looks like I can rent it for $1000 more per month than my mortgage too, that’s pretty cool. Maybe I’ll just rent it and move into a bigger house then?

>> No.53733914
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53733914

>>53733844
>Can I actually sell my house for 2x what I bought it for just 5 years ago?
no, it won't actually sell for that much. and even if it did, your "profit" would mean lateraling into another house that pumped 2x in 5 years (less 6-8% selling fees and concessions.)

>> No.53734000
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53734000

>>53733844
>$1000 per month more than your mortgage
you forgot to back out taxes, insurance, vacancy, maintenance, and capital expenditures. you have heard of the 50% rule, haven't you? your 1200 square foot plywood box isn't a money printing machine, you'll be lucky to cash flow more than a few hundred bucks a month long run average, consistent the analyses and real world returns of professional landlords.