Reply to Why are people so obsessed with rental properties yielding positive cash flow?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I paid 290k cash my condo in a distress sale 10 years ago. Common charges and taxes are 700 a month and insurance $50 a month. I have it rented $2,250.

It is worth $450k. But I had $18k income for 10 years. If I bought more would have done a mortgage. This was a one time thing.

Some investor guy got three run down or worse location units three for 725k cash. He making $50k a year last ten years. His units way up.

Different strokes. That guy also bought a yacht cash. [/quote]

That means you made $340k on a $290k investment, for a total of $630k.  If you'd invested that $290k in a S&P 500 Index fund at the beginning of 2012, you'd have $1,235,549 now.  [/quote]

In this equities market I’m very glad I have the stability of my rentals. I’m the poster with 6k/mo after Tax after expenses cash flow. This does not even take yet into account my rent hikes in 2022. I’ll probably be up to 7.5k once recalculated at the end of this year. Not to mention I’m sitting on millions in equity that others have paid down (which I fully expect to dip).

Right now the interest I pay on the loans is a way better gamble than the losses I’m sustaining in the stock market and as a retiree I can tell you it’s a blooms bath and I don’t see light for quite awhile.[/quote]

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