Don't need to run an excel spreadsheet. We own multiple properties that the banks were kind enough to give us the money for. We then rented the buildings out that paid for all costs, provided a little passive income and tax benefits. Buildings were paid off by other people, didn't cost us a dime and now provides a very nice passive income.
Discussion
Oh and guess what that passive income allows us to do? Buy more properties and #btc, all paid for by other people.
He lives in a fantasy world. There has never been a time in civilization where every family "owned" a home, rentals are a constant in civilization.
Bitcoin won't change that you need dilithium crystals, transporters and replicators to change that.
So long as people want to rent home, there is a business model in being a land lord. And quite a good one.
Time will tell who is right! :)
Not sure how I could be wrong. My properties were paid for by someone else, essentially cost me nothing and now provides a very nice passive income every month. Who's paying for your bitcoin?
I expect you purchased your rental homes when interest rates and lending appetite were different than they are today. And the math does not support accumulating homes at today’s prices and interest rates while expecting renters to cover the principal, interest, and tax payments … let alone maintenance.
I have no doubts it could have worked for you a few years when rental mortgages were 4% … however, I highly doubt the math works for acquisition and rental at 8% interest … but - hey - if you found the secret sauce then congrats.
I’ll keep stacking sats and staying humble.