Reply to Renting and investing vs purchasing a single family home

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Owning a home is not a financial investment anymore. Definitely take the 3.3 if you dont want a home. Start slowly investing in other areas, do your research and diversify.

Good for you for knowing this. Home ownership is only valuable if you wish to stay put and have security. Its no longer a way to create wealth. So so so many costs outside of the actual house value. Most break even but we aren't making money.[/quote]

I support  this approach! As a landlord that started slow and steady I love me some dedicated renters. i’m at the point now where every 3 years the cash flow from my rentals builds up enough cash for a very large down payment on another rental. [/quote]

Most landlords lose money, but sadly they don't know it. Good for you for doing well. The truth is most barely break even. [/quote]
If that was the case, they would be out of business and there would be fewer homes available for rent because it’s not a lucrative business.
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Most landlords are moms and pops. They barely break even. [/quote]

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