Question To People Who Rent Houses

[Red11]

Most apartment complexes are on a construction loan/mortgage and use the income they receive from their operations (i.e. rental income) to pay their mortgage. This is true whether its a company or an individual that mortgaged a commercial property.

So again, what is the difference between renting a house and renting an apartment when it comes to "paying someone's mortgage"?

He just learned that complexes can be owned by individuals bro...

https://www.loopnet.com/Listing/1580-Dixie-St-SE-Atlanta-GA/26366856/

 

[skyrunner1]

Then move..heard West Va is cheap you New Yawkers are so cool you can get it poppin out there like y'all like to say.

west virgina

 

[Mike809]

 

[Phantum]

west virgina

Imagine a village of NYCers in the mountains

 

[Shadow King]

In every neighborhood in the entire city? I never look at homes for sale in NYC cause they suck compared to the City's suburbs but I doubt a house on a side block in East New York is selling for millions.

There's a reason for that...

 

[Elim Garak]

You don't own your house either lol. Miss them property tax payments and see what happens. I would like to own though. Hope to do so in the next 2-3 years.

 

[DonB90]

You don't own your house either lol. Miss them property tax payments and see what happens. I would like to own though. Hope to do so in the next 2-3 years.

No excuse tomiss them when you can get one of these proletariats to pay them for you?

 

[fscballin]

You don't own your house either lol. Miss them property tax payments and see what happens. I would like to own though. Hope to do so in the next 2-3 years.

He rents an apartment

 

[JordanwiththeWiz]

You don't own your house either lol. Miss them property tax payments and see what happens. I would like to own though. Hope to do so in the next 2-3 years.

Property taxes and insurance are apart of the escrow. The escrow is included in the mortgage.

So the only way you’ll be paying property taxes if you own your property outright. At that point if you took the time and paid a property off you’re be stupid not pay property tax it’s a small percentage on the value of the property at the time of sale.

That’s like saying when you earn income and you pay a tax. Do you own the money or not. If you don’t pay the tax IRS gonna send you a bill. You pay property tax on your vehicle whenever you renew the registration. You own the car or not.

You must pay sales taxes on all purchases. Nothing is sure, except death and taxes, as they have been saying for generations.

 

[Elim Garak]

Property taxes and insurance are apart of the escrow. The escrow is included in the mortgage.

So the only way you’ll be paying property taxes if you own your property outright. At that point if you took the time and paid a property off you’re be stupid not pay property tax it’s a small percentage on the value of the property at the time of sale.

That’s like saying when you earn income and you pay a tax. Do you own the money or not. If you don’t pay the tax IRS gonna send you a bill. You pay property tax on your vehicle whenever you renew the registration. You own the car or not.

You must pay sales taxes on all purchases. Nothing is sure, except death and taxes, as they have been saying for generations.

My nikka I'm talking about when you own the property and not the mortgage.

 

[DonB90]

You don't own your house either lol. Miss them property tax payments and see what happens. I would like to own though. Hope to do so in the next 2-3 years.

Property tax in Jersey is about $5,000 annually on average.

I'm on zillow look at houses for rent in JERSEY and its about an average $2500 a pop. EVERY MONTH.



I used Jersey as a reference cause they tend to have the highest property taxes. You got certain areas where property tax ain't even $1000 for the year.

Once again

 

[Elim Garak]

Property tax in Jersey is about $5,000 annually on average.

I'm on zillow look at houses for rent in JERSEY and its about an average $2500 a pop. EVERY MONTH.



I used Jersey as a reference cause they tend to have the highest property taxes. You got certain areas where property tax ain't even $1000 for the year.

Once again

I'm not disagreeing with the cost just saying none of us truly own the shyt.

 

[Mandizi]

I rent out a house from fam paying under the market value/family discount. I'm good on a mortgage right now.

 

[macadomusic]

Maintenance guy just fixed my a/c within 24 hours with no extra cost to me. When I had a house small repairs would drive me crazy and HOA is extremely annoying. But owning is a blessing in the right market . Salute to those that own and benefit from it.

 

[Red11]

Property tax in Jersey is about $5,000 annually on average.

I'm on zillow look at houses for rent in JERSEY and its about an average $2500 a pop. EVERY MONTH.



I used Jersey as a reference cause they tend to have the highest property taxes. You got certain areas where property tax ain't even $1000 for the year.

Once again

New Jersey Property Tax Calculator - SmartAsset

Calculate how much you'll pay in property taxes on your home, given your location and assessed home value. Compare your rate to the New Jersey and U.S. average.

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New Jersey Property Tax Rates, Average Tax Bills, and Assessed Home Values

All Current Property Tax Rates and Average Tax Bills for New Jersey Counties and Towns on a Map.

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New Jersey Home Prices & Home Values | Zillow

The typical home value of homes in New Jersey is $487,868. New Jersey home values have gone up 4.4% over the past year.

www.zillow.com