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I will never become a landlord after seeing this unless I'm wildly wealthy and it's something like I'm owning it as a part of my portfolio. It's just way too ea
by 999900000999 5y ago
I will never become a landlord after seeing this unless I'm wildly wealthy and it's something like I'm owning it as a part of my portfolio. It's just way too easy to stretch out an eviction even without moratoriums.
I have a friend, and I use the term loosely, who foolishly purchased a house to rent out despite having to go into massive debt to do so. We're talking credit card debt because he couldn't afford to refurbish the building.
If a single tenant has a bad month, he's having a bad month.
I'd rather invest in anything else.
I actually think standalone single-family homes are kind of outdated. I want the freedom to live without a car, In an urban setting. Nothing like being able to walk to your local bar, Walk to the supermarket, and then take a train to a concert.