09-13-2015, 12:47 PM
(09-13-2015, 12:31 PM)F.U. Wrote: Property values across the nation always blow my mind Duch. We have a two story , 4 bedroom , 2 bathroom, w/ full basement , and a two and 1⁄2 car garage. Sitting on 5.5 acres of yard, that we rent out for $550.00 a month. We rent the other 90 acres out to a farmer for crop grounds that surround that farm. Closest neighbor is about a mile away. Put that same setup by Chicago and I bet it would double the price.
That is a damn good deal. I have a 2 bdrm 2 bath house on a small lot that I rent out for $850.00 a month. And when the lease is up the property management I use suggested to increase it to $950.00.
But if I sold that house I'd be lucky to get $70,000 for it so it's better to just rent it out.