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Some tenants in the Triad area rent apartments worth $250,000, but might not know it. If you’re paying $1,100 in monthly rental payments, you could be paying off your landlord’s mortgage.
For instance, a 30-year fixed mortgage for a $250,000 home requires a $1,100 monthly payment! Think about that. That tiny apartment could be as big as the master bedroom in your own home.
You might already be paying as much in rent as you would in mortgage payments.
Don’t make the mistake of renting these apartments. Consider investing in your own property. If you’re thinking about buying or selling a home in the surrounding area, give me a call or send me an email. I’d be happy to answer any questions you might have!