"We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable."
Having money gets you no PMI and better interest rates. It’s cheaper for someone well funded to buy a house than someone who isn’t. I’m not saying that it’s a slam dunk rent is covered, but it can be a lot closer than you’d expect.
It’s not without risk though. The renters could damage the house. There will be broken appliances and roof replacements. You still have property taxes and maybe HOA fees.
Even if it’s half a house for free, that’s a pretty strong addition to your wealth management.
As someone who actually works in real estate, no Obviously you can forgo PMI, but interest rates are significantly higher if you’re buying a property as an investment versus if you’re living in it. Plus taxes are generally higher.
The only way rent covers mortgage is if a double rental unit.
Having money gets you no PMI and better interest rates. It’s cheaper for someone well funded to buy a house than someone who isn’t. I’m not saying that it’s a slam dunk rent is covered, but it can be a lot closer than you’d expect.
It’s not without risk though. The renters could damage the house. There will be broken appliances and roof replacements. You still have property taxes and maybe HOA fees.
Even if it’s half a house for free, that’s a pretty strong addition to your wealth management.
As someone who actually works in real estate, no Obviously you can forgo PMI, but interest rates are significantly higher if you’re buying a property as an investment versus if you’re living in it. Plus taxes are generally higher.