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Reply to "Why are people so obsessed with rental properties yielding positive cash flow?"
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[quote=Anonymous]I can only tell you what I do and say it works for me I have 4 properties I manage myself. I’m a SAHM so this is my “job”. My annual PITI for all homes is $33,000 and my gross rental income is $123,900. I used to set aside 12k/yr for repairs, but stopped doing that because I haven’t had much and have 40k sitting for that. Until recently I used to invest the profits in index funds. I’ve since pulled that and have it sitting in cash looking to pick up a 5th property when the bubble bursts. I have enough for a cash buy. The real estate income invested monthly for the last 10 years has created incredible opportunity. My goal is to get this 5th property and hopefully be bringing in a gross of 160k/yr and at that point my DH will retire from his w2 job. The rental income will be a nice supplement to his 401k. [/quote]
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