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Updated over 8 years ago on . Most recent reply

Kenneth Hong's profile image
Kenneth Hong's profile image
Kenneth Hong
  • Investor
  • from Davis, Ca
  • Member since Sep 13, 2016
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User Stats

19
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12
Votes
Kenneth Hong's profile image
Kenneth Hong's profile image
Kenneth Hong
  • Investor
  • from Davis, Ca
  • Member since Sep 13, 2016
Connect
Kenneth Hong
  • Investor
  • Davis, Ca
12
Votes |
19
Posts
Buying & Selling Real Estate

Renting vs Owning Single Family homes in the Midwest

Kenneth Hong
  • Investor
  • Davis, Ca
Posted
Hello everyone, After listening to many of Clayton Morris' podcasts about investing in the Midwest, it raises one big question that I do not understand: Why would anyone there choose to rent long term for $600-$700 a month when houses costs only $50,000? Are they not able to get a mortgage? The mortgage would be a lot less than the rent. Am I misunderstanding something? Thanks, K
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