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Yes this: in real estate investing this is called the vacancy rate and it eats into profits, sometimes significantly. Too much vacancy and you can’t cover the m
by chillacy 6y ago
Yes this: in real estate investing this is called the vacancy rate and it eats into profits, sometimes significantly. Too much vacancy and you can’t cover the mortgage.
- kosievdmerwe 6y agoDivide a month's rent into 12 and you see it's a 100-200 dollars, which highlights how much you'd have to raise rent for a month's vacancy.
- daniellarusso 6y ago...and that is if you are only dealing with a single vacant property.
- kevin_thibedeau 6y agoUnless the property is used for money laundering and it's fine to let it sit vacant for years.