Sorry, I didn't explain that well. The down payment was 30k each. But basically that's all I've had to spend on the houses.
The house pays for itself, that's the beauty of having to rent out houses. ROI might vary, but long term, you are secured as long as the property is properly maintained and is attractive to renters.
Edit : reading a lot of comments on this thread, it's obvious that majority have no idea how house and lot transactions go, and how little real life experience they have on it. They are just hopping on the bandwagon on landlord hate.
"Anybody that disagrees with my unethical actions simply lacks life experience" - some landlord apologist chud.
Sorry, I didn't explain that well. The down payment was 30k each. But basically that's all I've had to spend on the houses.
The house pays for itself, that's the beauty of having to rent out houses. ROI might vary, but long term, you are secured as long as the property is properly maintained and is attractive to renters.
Edit : reading a lot of comments on this thread, it's obvious that majority have no idea how house and lot transactions go, and how little real life experience they have on it. They are just hopping on the bandwagon on landlord hate.
"Anybody that disagrees with my unethical actions simply lacks life experience" - some landlord apologist chud.