Example, on a per unit basis, a condo appartment cost alot more than an apartment in a multi-units property. Here in Montreal, it's not hard to find multi-units for less than $75,000 per appartment but the same size condo will cost you more than $130,000. thus, the rent will be less in an rental appartment than the mortgage and fees in a condo appartment.
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Originally Posted by Lenny2
Invest the difference? What difference?
The rent you pay on a house or apartment is usually more than the mortgage would cost to buy the property. Otherwise how does the landlord pay the mortgage  |