Condo profit

First off, not a real estate investor, but I’ve always wondered. Some people care only about making a return on their rentals, but I don’t see (often) the fact that, even if a property is break even for instance, why do so many people ignore the fact that principal is being paid down as a benefit?

Reason I ask is, I’m moving out of state and renting out my condo. Rent will likely ONLY cover my expenses and nothing more. I like the idea of owning the property, as it’s in Chicago and hoping it appreciates + I don’t want to take the commission hit selling it + I have a really good rate (which I might not be able to get again by the time I’m able to afford a house – currently not working a W2/high paying job atm and the market I’m going to is really expensive)

submitted by /u/dontwaste_yourtext
[link] [comments]

First off, not a real estate investor, but I’ve always wondered. Some people care only about making a return on their rentals, but I don’t see (often) the fact that, even if a property is break even for instance, why do so many people ignore the fact that principal is being paid down as a benefit? Reason I ask is, I’m moving out of state and renting out my condo. Rent will likely ONLY cover my expenses and nothing more. I like the idea of owning the property, as it’s in Chicago and hoping it appreciates + I don’t want to take the commission hit selling it + I have a really good rate (which I might not be able to get again by the time I’m able to afford a house – currently not working a W2/high paying job atm and the market I’m going to is really expensive) submitted by /u/dontwaste_yourtext [link] [comments]

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