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Reality of owning a house

I’m 20 years old and received a house from my mums inheritance when she passed- I’m so greatful but I’ve just been doing all the numbers and OMG Fees and tax are crazy.

Been renting it out for 525 a week. I get about $63 of that.

Rent is about $27,000 annually And $21,000 is expenses like Strata/council.

Is it normal to only make 2-4K a year on a rental property??

I feel so bad for people my age now days. I can’t imagine paying all this PLUS the mortgage.

Anyway just wanted to tell anyone who’s looking to buy.

Recommend buying a business instead 😂

submitted by /u/Hot_Army_7003
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source https://www.reddit.com/r/RealEstate/comments/19cr5yl/reality_of_owning_a_house/
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