Updated over 7 years ago on . Most recent reply
is this rental worth it.
this is my first rental property me and my wife had purchased a new homes last April we currently rent the property for$2,495 a month. our mortgage is 2373 a month and we pay our property manager 8% of the rent is this good for us or not I thought the purpose of renting was to draw in a profit what are the options that I could do this potentially refinance but we're currently about eight years away from paying off this mortgage. Additionally the tenants just sign another two-year lease so overall we will have 3 years of rental with this one tenant.
Most Popular Reply
Ignore the naysayers. You are 8 years from paying this off. Take the long view here. Keep this, and pay it off.
- Russell Brazil
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District Invest Group
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