When you purchase real estate the money you put into that property through your downpayment becomes equity in that property. As long as you sell for more than you bought, you not only receive your profit from the sale, but also the money you put in originally as a downpayment. If you want to discuss or learn more about feel free to reach out and I’d be more than happy to chat 🙂
haha ya not too bad ! It was only possible because the unit was furnished, I believe the going rent for a unit that size at that time was around $2800/month
Wow, very informative!
How did you get your original down payment back?
When you purchase real estate the money you put into that property through your downpayment becomes equity in that property. As long as you sell for more than you bought, you not only receive your profit from the sale, but also the money you put in originally as a downpayment. If you want to discuss or learn more about feel free to reach out and I’d be more than happy to chat 🙂
$4200 rent in 2016 impressive
haha ya not too bad ! It was only possible because the unit was furnished, I believe the going rent for a unit that size at that time was around $2800/month