Now I know there have been headlines that the average rent in Denver has gone over $2000. It really just depends on what survey you're looking at. Either way, rents continue to go up. That's not going to slow down. As investors are paying more for their properties, they're going to be renting out for more. And those investors that bought properties 10, 20, 30 years ago are going keep up with the market rent. Ashleigh Gutierrez joins Nicole for this episode.
Ashleigh's rent right now is $1705. And then she pays for a garage space, which is an extra $150. With everything all in, she is paying around $2,000 a month for rent. Here are the numbers for the story in this episode.
$300,000 asking price.
She paid $331,000 to lock it in.
Monthly payment of $1,999 plus insurance, taxes
$2,500. It's more than rent, but she's now building wealth and paying her OWN mortgage, rather than her landlord's.
Listen to this story and a few more in this episode, Buying a Home Today - Why I Shouldn't Rent.
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