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LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate Colorado Form

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LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate Colorado Form

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buying a house worst investment you'll ever make in your entire life let's say you paid a million dollars for a house average house here is 576 576 is what you pay now you need 12 for broker fees let's say you keep the house 10 years you need 10 in maintenance fees it's one percent of your maintenance fees it's about two percent in property taxes every year that's 20 2 times 10 is 20. and it's probably seven percent to the bank so that's 70 percent total those up is 112 576 000 home will have to be sold for 1.2 million dollars in 10 years you're not going to sell it for that to break even dead money and you had to put a hundred grand down to do this they're serving a master they'll borrow money from the and then if they can get some more money they'll have a little retirement account that funds Wall Street this is a big game bro rather than buying one house rent where you live and take that

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