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Rental properties+investing plan
The plan.
-buy 4 houses with interest only loans. -120k purchase price each(600 per month mortgage payment) -assume 100% occupancy and 1500 per month collected in rent. -bulk payment for the house due in 15(10?) years -put 700 per month, per house in the stock market. -30k invested per year for 15 years x 7% interest=800k -assuming the properties appreciate 2% per year the total profit would be around 1 mil. Does this look feasible? |
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