Why I asked is I'm tryna find out how landlords make a profit if the mortgage repayment for the place is more than the rent they are collecting?
I've been doing a bit of research over the past few weeks and during the process realised that the price to buy a house, when you subtract down payment and do the loan calculation accurately to get the monthly mortgage payment, the amount is way more than you can charge for rent. So am I missing something? I'm trying to get into real estate.
Read more: Why is it cheaper to pay rent for a property than it is to buy it and pay a mortgage?
