Quote:
Originally Posted by Mr.C
Not bad, but a few questions:
- What interest rate did you assume for that? Mortgages are very top heavy in interest, as you know, especially with a 10% down payment.
- There are no maintenance or repair costs factored in, either (which for me is zero, since I rent).
- If you sell the house at 1.9mm, you're taking a $133,000 hit in realtor fees. The 753 goes down to 620...
- While 10% is a reasonably conservative investment rate, 5% a year property value increases is not.
I understand your post, but I think the numbers are a lot closer than the spreadsheet shows.
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10% is reasonably conservative.......?
1.9M commission will be around 50-58K