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by wcfields
1878 days ago
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If the property is to park money and with US real estate you can liquidate it very quickly for a cash sale, a tenant will throw a huge wrench in that. A tenant in a single unit/house will easily drop the price by 10% or more from my experience trying to buy a single family home in SoCal in 2016. As well, who can afford to rent these units? The mortgage/break-even point for for a $8mil value would be $37,825 a month. |
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