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Investors in single-family homes may want to be able to provide potential renters a worksheet on the cost pros and cons of buying versus renting.
The New York Times and Kiplinger's compiled the infographic below.
The key takeaway: while no two situations are alike, it may be better to rent for the first four years, but if you are in the same place after year five, it might be better to buy.
For more information on why your should consider investing in a professionally managed portfolio of single-family homes, please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.
Mr. Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer, and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience. Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.