Quote:
Originally Posted by BimmerDimmer6
Highly unlikely you'd lose every tenant at the same time, but even if you did you should have enough cash to cover the mortgages for YEARS as you didn't pay for them in cash. You're "leveraging" your risk in that regard.
I'm surprised you guys are so against leveraging, I get most of you guys have typical jobs and view your house as a place you live, but I just see them as boxes that pay me every month and appreciate over time.
I should also add I bought most of these units during the downturn from 08 - 2013 when the numbers made a lot more sense. I wouldn't touch anything with a ten foot pole right now as far as rentals go.
To give you guys an idea I'm positive cash flowing about $9k/ MO from my 16 doors.
This doesn't include appreciation.
|
how is it positive cash flow if you have a mortgage? I'm assuming you do carry one, from your previous posts. Please forgive if i'm incorrect.