[Vigilanteman]

Just out of curiosity, what is your typical commission? More than 3%? I agree this is dumb, but is there an opportunity for someone to buy a lot of rental houses to make the payments?

I'm not sure I'd want to get into the rental business given the vast pool of less than desirable renters, but I have a friend who does pretty well with it.

[kjam22]

Typical commission is 6%. 3% to the listing broker and 3% to he selling broker. (you hope to be both). If its a high end house I will list them for 4%.

I have rent houses. Had those when I was working in the oil and gas business. Retired from oil and gas and acquired real estate license. I personally think buying rental property, or buying a home and selling it and being the mortgage company.... this is the best way to invest during retirement. Provides diversification from the obammy market, and you own real assets, or have a real asset behind your investment.

I do work a lot with investors who are buying rental property.