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| Sight unseen and no idea what I'm talking about beyond theory, a lot of properties may not have much maintenance or it's rolled into mortgage on day 1. Seven years in, you're starting to see water heaters go, furnances need more than a tune up, and a couple tenants that were hard enough on things you put old profits back into the rental or even got stuck for some of the expected revenue.
Doing it for a slim return that barely works on the front end (or that doesn't work when rubber meets road instead of pencil on the paper) makes a guy a little more willing to take a bigger return 7 years in. | |
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Rental Income Breakdown and K Shaped Economy
