2 ms·
Is that 80-100 or 800-1000? I have one single family rental and a new roof(hail damage), busted water pipe, and toilet wax seal cost me $5000 this year and that
by marktangotango 8y ago
Is that 80-100 or 800-1000? I have one single family rental and a new roof(hail damage), busted water pipe, and toilet wax seal cost me $5000 this year and that was with insurance covering 2/3 the roof) That was my profit for several years. Ie I don’t see how this is profitable to anyone.
- 40something 8y agoIt’s because most “gurus” don’t actually own and manage properties. The only way I can make a double digit cap rate in the hood is by doing all the maintenance and labor myself.
- maerF0x0 8y agoA big part of that game is capital costs vs inflation. Someone who bought their home before a price boom can often turn a profit because the rents follow the price to purchase (roughly speaking). So if you acquired a bunch of properties in 2008 after there was a crisis, its likely that they're very profitable (month to month) now