top | item 12111156 (no title) rdmcfee | 9 years ago Except your mortgage interest may also be 3% so you may realize nothing on your investment.Your interest costs will be proportional to your leverage so you need the asset to outperform your interest rate to realize anything. discuss order hn newest jly|9 years ago Yes but this is a home, and not some generic investment.I can either live in the home, saving livings costs (rent), or I can rent it out and generate income, which will pay for the interest on the loan. runT1ME|9 years ago Good point! I meant for your primary residence, you're paying that interest regardless of if you own a home or rent. So I don't factor that in when it comes to a primary residence. This is a different story for investment properties.
jly|9 years ago Yes but this is a home, and not some generic investment.I can either live in the home, saving livings costs (rent), or I can rent it out and generate income, which will pay for the interest on the loan.
runT1ME|9 years ago Good point! I meant for your primary residence, you're paying that interest regardless of if you own a home or rent. So I don't factor that in when it comes to a primary residence. This is a different story for investment properties.
jly|9 years ago
I can either live in the home, saving livings costs (rent), or I can rent it out and generate income, which will pay for the interest on the loan.
runT1ME|9 years ago