Re: Re: Should I wait to sell?

#101140
adiep
Participant

Out of interest, when you say its a great business as a rental, how do you work that out. Forgive me if that sounds a bit dim, but what calculation are you using?

from my reckoning, a mortgage of 500k at 3% is costing about 2500 a month, at 5% 3000. Add 1000 a month for bills and maintenance, 3500/4500, so an average of 1k a month needed in rental per week. Does it do that?

Or do I not understand how this renting game works? How does one make money, is it a reliance on the premise that house prices will rise and hence you can net some capital gains in a few years? Because seems difficult to extract any yield at that price.