LogFAQs > #939683612

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Topic	Is it smart to leave $100,000 in a savings account with .01% interest?
Austin_Era_II 05/25/20 12:29:41 PM #23:	My advice was the best. My house shot up 180K in 5 years. Imagine a few more years from now. Of course you'll have to pay capital gain once you sell, but the return is nice. Your mortgage payments on a $250-350K home will be like $1200 a month or so. Rent the 3 bedroom home for $1700 or more plus utilities. Or look for a bungalow and get a separate tenant in the basement. Get the person renting the house to give also a security deposit or pay a property maintenance company $100 a month or whatever it is to handle the payments for you. Most tenants are good especially if you do your homework. They will pay on time. Not to mention the house slowly gains equity...so yeah. --- Currently gaming: Metal Gear Solid V MCMLXXXV <cite>Austin_Era_II posted [p:939683612] in Is it smar... [t:78717828]...</cite> <quote>My advice was the best. My house shot up 180K in 5 years. Imagine a few more years from now. Of course you'll have to pay capital gain once you sell, but the return is nice. Your mortgage payments on a $250-350K home will be like $1200 a month or so. Rent the 3 bedroom home for $1700 or more plus utilities. Or look for a bungalow and get a separate tenant in the basement. Get the person renting the house to give also a security deposit or pay a property maintenance company $100 a month or whatever it is to handle the payments for you. Most tenants are good especially if you do your homework. They will pay on time. Not to mention the house slowly gains equity...so yeah. --- Currently gaming: Metal Gear Solid V MCMLXXXV</quote> ... Copied to Clipboard!
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