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When is buying a house and renting it out a profitable venture?

User Lorri
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2 Answers

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When the rent money coming in is more than the monthly mortgage, taxes, and maintenance, rental real estate is profitable
User GaelS
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Answer:

When what you enter for rent is greater than the mortgage, taxes, maintenance and rent.

Explanation:

Buying the house is an investment if we do it to generate income. Otherwise, it is simply the place where we live, spend time and enjoy with our family

The purchase for investment purposes is when we buy apartments for rent or for the purpose of renovating and selling them quickly for a higher price.

User Swampsjohn
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