4plex,
Compared to 1% for maintenance, The average HOA, or home owner’s insurance, which are also being included in rent to own calculations it is relatively significant, so I don’t see why it is missing. I am not saying it turns our situation with this market around or anything like that.
“on the other hand, very few loans these days are
conventional fixed-rate so principle pay down is rarely even talked about” –
Yes that is another factor. When I see people do rent vs. buy calculation on this board they generally use fixed notes for the sample. At least, that is how memory of it goes.
Since my mode is primarily going to be a sweat equity mode you bet I will use a loan similar to what you have. I have said too many times how I am mortgage free. I don’t think that will be for long as I am gong to get some dough to build another house. Maybe I will post a thread on that and get some advice. Cash flow is of prime importance since I don’t pay myself much to work, not paydown.
I will be honest I don’t take a very scientific approach to anything. I will try to get cash flow properties, by sweat equity, where necessary and if the parameters we live in don’t change completely, get paid for my efforts in my retirement.
On the topic or apologies, while I don’t feel either of us has a thing to apoligize for I hope that you can try to overlook that I probably do the equivalent of “talking shit”, like many blue collar guys do between themselves.I am talking about the ones that stay friends despite the “shit talking”. I don’t mean to alienate anyone by it and I also will try to cool it, knowing that most piggs are probably used to dealing a little more with a polite society type exchange,which I can’t stand. I won’t be able to stop being opinionated or throwing out things that are contrary to other peoples opinions. I will try to do it more politely.
