Even if your costs only break even, you’re building equity
Often the difference in profitability is whether you pay for a property manager or do the work yourself
I know a couple people who did it and made money, fwiw. They gave up so they didn’t have to deal with people
pyr0ball@lemmy.dbzer0.com 3 days ago
That’s not at all how interest rates work on homes… They’re fixed and yes while fluctuations in interest rates can have an effect on the home value, that won’t change how much your mortgage payments are, and can only effect your property taxes by at most 2% per year
Rent doesn’t have to fluctuate with interest rates at all as it’s up to the home owner