What would you rather have: a Lamborghini or a rental home creating passive income for you?
Lambo = $4,546 per month (and that’s a USED one too!)
Home = $3500 per month (for a $758,874 home)
Run the numbers – it always makes more sense to hold an Appreciating Asset rather than a Depreciating Expense.
When your money works for you, you don’t have to work as hard for your money.
To find out how much you qualify to buy in today’s market just send me a Email: beataw@dominionlending.ca
Source:
https://www.nerdwallet.com/mortgages/how-much-house-can-i-afford/calculate-affordability