View Single Post
Old 10-29-2024 | 06:02 AM
  #56  
Buck Rogers
Gets Weekends Off
 
Joined: Apr 2018
Posts: 3,600
Likes: 49
Default

Originally Posted by crewdawg
I think some on here think landlords can just suddenly go, welp, rent just went up $1k/month…that’s just not the case.

Agreed. but eventually the rent will go up to cover the costs or else the landlord(unless of course he has an older loan/intrest rate) is in a negative cash flow position.

All of this doesn't even take into account if you used the down payment to buy a decent rental or two that help pay your mortgage.

So you are going to go out and buy a coupla of cash flow negative properties to help pay your nut? Not sure I understand how this works. Can you explain it to me like I'm stupid?
You and Trip get it, I'll bet I can understand if you just flesh it out a bit more. I'd love to explain it to my kids
Reply