Re: OT: Opportunity of a Lifetime
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an 800k loan for 30 years with 8% interest is 5.8k a month.
an 800k mortage laon for 15 years with 6% interest is 6.7k a month.
If you're having 5 guys pay 1.2k a month, that's 7.5k.
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Yes, the owners can expect to make money because they take on the risk of renters not paying, real estate prices dropping, etc... I don't know the rental/real estate market in Austin but I suspect that it could still be a good/fair deal for both the renters and the people buying the house.
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