He makes pretax annual income of about $100,000+ in residual income from the business and the 3 housing units. ![]() If he were to sell it today it would fetch in the 2 million dollar range. It is in a great up and coming neighborhood in Brooklyn. To make a long story short, my dad owns commercial/rental property (3 housing units, bottom floor is for business) that is mortgage free. ![]() I was particularly intrigued about your post about renting vs buying real estate. Hey, my name is Josh and I am 24 years old and I am a huge personal finance junkie.
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