You all people should no thats not true lol… I told you what I have into my house and you know the price im selling it for now which is dirt cheap. Im makin fuckin money off my shit and alot of it lol… And why would you want to sell a $40k property if your making $40k or close to it YEARLY by renting it? lol…
If you read what i wrote below youd see me saying for RETIREMENT purposes, sure, go with the expensive property that you pay off over your entire life and when your about to retire and the property is just about paid off sell it and theres your retirement…sure, thats a cool way to go I suppose, but your NOT making ANY income whatsoever by buying a $200k house and renting it out for $1,000 a month. That $1,000 a month is going towards your taxes and mortgage, you MIGHT make $100-200 a month after both are paid, which is stupid and a terrible investment if your doing it as NON longterm income.