Quote:
Originally Posted by Flames in 07
True, investment earnings are taxed, but my point was that your break even rate is not whatever your mortgage is at.
Different strokes I guess. I've been quite assertive over the last 2 years and made about 1/2M. And I very much feel like I earned it, largely from utilizing 'dead money' in my primary residence.
Lastly for anyone keeping track of this thread that are looking to buy their first house, many people will get a 4 bedroom and rent out to three others. They pay a good part of your mortgage, and you are now 'long' real estate.
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1/2M? You must be doing something really wrong. Most people I've met on them internets have made much more than that in half the time.
:-)
Sorry, nothing personal.