Originally Posted by
sailingfun
They went down after soaring to new records. If your friend never raises prices rising costs will force him out of the business.
fixed rates, he does all the maintenance himself. Mortgage cost X, he charges Y. Has over 10 properties and little to no headaches.. it’s a long game and someone else is laying his mortgages and he’s making great money on some and only a couple hundred bucks on others until he refinances at lower rates. He doesn’t have any rising costs, they’re all fixed