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Unpopular opinion:

Buying #houses for #rent is more of a headache than a profitable #investment.

I'll explain:

When you buy rental single family real estate you cashflow very little, on average 250-500 if youre really winning and bought a great deal.

Your equity goes up because of inflation not because of utility going up, which means your dollars are being devalued.

Your taxes go up almost yearly

One AC costs between 8k-13k

So if that goes out it takes 2.5- 4 years of cashflow, wiped out.

That's not to say you have plumbing issues, roof issues, termites, tenants breaking down the place etc.

But yea it does go up in value....again because the dollar is being devalued and if it isnt...then it doesn't go up.

Lord forbid you dont get a covid situation and your tenant is allowed to not pay rent for a few months...or a hurricane that wipes your roof out, or a flood that requires thousands in remediation, floors and sheet rock, paint, etc.

Unless youre Buying #apartment complexes that can weather those expenses without needing new capital calls due to expiring loans or changing interest environment, I wouldnt be using single family #realestate to build wealth as a first option.

I'd rather buy #Bitcoin, still limited supply, no ongoing maintenance or management fees, programmable and secure, and a true store of #value.

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Discussion

Marianna Lind 7mo ago

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