Home › Forums › Closed Forums › Properties or Areas › More bloodbatch in 4closure ranch. › He “needs” a home for his
He “needs” a home for his family, doesn’t want to rent for $2500/month
Um, $920,000 earning 8% at a 40% tax bracket leaves $44,000 after taxes.
Rent at $2500/month only requires $30,000.
A 6% mortgage on $920K after taxes runs about $5000/month when property tax and mellow roos are include.
If he need a home, there’s a slew of them to rent.
