I did miss it. That's a PTR ratio of 16.1. That means goofy's gross return on investment for his condo is 6.1% For me, that means rent it; not own it. I'd sell the thing. A 6% gross return on something as illiquid as RE is just not worth the risk.Do you, like, not read my posts?I made a $10,000 investment, which is now worth $550,000.The condo is severely cash flow positive, to the tune of $24,000 a year - yes, including expenses. That's NET, not gross. $24,000 net. See?For me, that means rent it; not own it. You will be shocked to hear that the rent, way back when, was around $800/mo. Now it is $2850/mo. I have every expectation that in a few years it will be $3500/mo. If you are "renting", then you are the one being taken. If you own it, as I do, you are getting both cash flow and appreciation.A 6% gross return on something as illiquid as RE is just not worth the risk.This is possibly the worst analysis I have ever seen on this board or any other. If I could repeat this investment a hundred times, I would do it.You, apparently, would prefer to pay me the rent. That's OK with me. I need people like you to keep me in the style to which I have become accustomed.
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