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couple of house questions...

zixxer

Diamond Member
Jul 6, 2001
7,326
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A 200k house *just* north of atlanta, in a very good area.. how much a month are we looking at if you were to buy one (per month), and how much to rent (per month)?


 

zixxer

Diamond Member
Jul 6, 2001
7,326
0
0
here's some more info:

my friend's dad is considering buying a 200k house in the area and letting his son and two other friends (me as one of them) "rent" it from him.

couple things I found out.. is the loan is actually in my "friends" name (I think it has to do with getting a low low interest rate loan or something) and he's saying that a house like that rents for $2000/month..
 

Hayabusa Rider

Admin Emeritus & Elite Member
Jan 26, 2000
50,880
4,212
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I don't know what taxes are like, but figuring 10k down, and 5.5 percent interest over 30 years, with 4k in taxes, you are looking at about 1600 per month to buy.
 

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