im a landlord...why you hate me???my house cost $1m.....bank...

  1. 4,746 Posts.
    lightbulb Created with Sketch. 340
    im a landlord...

    why you hate me???

    my house cost $1m.....

    bank charge me 6 percent... thats $60k on interest only....

    rent is $650... = $34k....

    thats not including...

    agency 5 percent....

    insurance.. $2k yearly...

    repairs around 5 to 10 percent....

    water service $800.....

    council rate $2500..

    so...... im losing money....

    please tell me why im a leach???
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.