asked 97.2k views
5 votes
When is buying a house and renting it out a profitable venture?

asked
User Lorri
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2 Answers

5 votes
When the rent money coming in is more than the monthly mortgage, taxes, and maintenance, rental real estate is profitable
answered
User GaelS
by
8.9k points
5 votes

Answer:

When what you enter for rent is greater than the mortgage, taxes, maintenance and rent.

Explanation:

Buying the house is an investment if we do it to generate income. Otherwise, it is simply the place where we live, spend time and enjoy with our family

The purchase for investment purposes is when we buy apartments for rent or for the purpose of renovating and selling them quickly for a higher price.

answered
User Swampsjohn
by
8.0k points
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