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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Les H who wrote (29447)4/12/2005 11:13:42 AM
From: Jim McMannisRead Replies (1) of 306849
 
RE:"i then checked the realtor web site for rentals in that complex. the rental listings range from $ 1200 to $ 1700 per month. how does one make a profit on a unit that costs $ 500,000, where the real estate taxes are $ 300 to 400 per month and the condo maintenance fees are another $ 300, when you can only expect rental income of $ 1200?"

You can't. When the music stops it's over. Only there will be a lot more thant one less chair. Seen it happen before.
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