i currently rent but i plan to have my own house someday.
2006-12-03 02:47:50 · 5 answers · asked by forest lover 2 in Business & Finance ➔ Renting & Real Estate
You could buy a house with a finished basement (washroom and small kitchen area) and rent it out to someone. The money you make off of rent will help you make mortgage payments.
a mortgage is approx 800-1000 depending on location, size, market, etc
2006-12-03 02:52:24 · answer #1 · answered by blondie 3 · 0⤊ 0⤋
That really depends on where you live, and what type of house your buy. Also, how much you put down. You need to talk to a realtor. I mean it range from $300 to $800 a month. And, the quality you get for the price depends on your location.
2006-12-03 10:51:52 · answer #2 · answered by Author Al 4 · 0⤊ 0⤋
Roughly about 120% of your current rent payment.
The exact answer depends on where you live, the financing that you can get, and the amount of taxes you must pay.
2006-12-03 10:51:17 · answer #3 · answered by geek49203 6 · 0⤊ 0⤋
Depends on the area. Look on a real estate site for houses that you would like to love in, take their price to an online mortgage calculator.
2006-12-03 10:50:34 · answer #4 · answered by traciatim 3 · 0⤊ 0⤋
if there is a happy family in it the monthly instalment adjusted with happiness is equal to profit
2006-12-03 10:50:53 · answer #5 · answered by dhirpateria 3 · 0⤊ 0⤋