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Ummm I know multiple people who have secured their life doing that, though with smaller homes (and of course, they prefer duplexes, but the right SFR works).
by readthenotes1 3y ago
Ummm
I know multiple people who have secured their life doing that, though with smaller homes (and of course, they prefer duplexes, but the right SFR works).
And, i don't know that many people!
- bombcar 3y agoDid you factor out appreciation? Because gambling on single family appreciation has been a great winning move for decades now, but if you factor out that almost all SFRs have negative cash-flow. Well, they have negative cash flow but people endure that because of the leveraged appreciation.
- readthenotes1 3y agoI did't do their math. The people I know that are doing this seem to do well. I do not know if that is because of the low mortgage rates up until last year or if they have some other secret, like only buying houses they can get a positive cash flow from.