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Reply to "Why are people so obsessed with rental properties yielding positive cash flow?"
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[quote=Anonymous][quote=Anonymous]So we purchased several townhouses after the housing crash for around $250-300k, putting down about $60k on each house for 15 years mortgages. We sped up by prepaying the last few years and have paid them off. Those houses are zestimated around $450-480k now and we just increased our rent this year by around 10%, though still several hundreds below market. Meanwhile, my portion of retirement portfolio just went down about 15%. I'm not saying real estate should be a huge portion of your retirement, but it's good to diversify. Our paid off rentals net us about $95k per year and more than enough to cover our basic retirement expenses without having to touch our 401k/iras, especially during market down turn.[/quote] The loss of value in your retirement portfolio is irrelevant unless you are retired and getting ready to take money out it.[/quote]
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