Home › Forums › Housing › Nice haircut in Mira Mesa › gzz wrote:Here’s a MM 5/2
[quote=gzz]Here’s a MM 5/2 (only 3/1 permitted) that sold for $269k in 2009:
https://www.zillow.com/homes/7916-Peach-Point-Ave-San-Diego,-CA-92126_rb/16786665_zpid/%5B/quote%5D Imagine if you have the income/asset to qualify to buy 10 at this price and put down 20% each. Down payment would have been ~$540k. Today, that house would sell for ~$750k today, so that’s a gain of ~$4.5m w/in 13 years.
I think RE is the only investment vehicle where you’re only required to put in 5-20% and borrow the rest. Also, you and the house want the same thing.
