Quote:
Originally Posted by ASAP
with current interest rates, there are far better investments than buying a property to rent... if you are buying a house to live in and are within your budget, that's a different story...
There are 3 key things that were never focused on by all of the Instagram real estate investors of the last 10 years-
1) Low interest rates made it easy to cash flow while properties were still cheap.
2) Liquidity was almost something that was forgotten... the amount of people that I knew that got hosed because they couldn't find renters and couldn't make the payments themselves was huge.
3) Taxes, insurance and all maintenance costs have gotten up tremendously since the pandemic.
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Yeah cash makes more sense but only if net monthly income is $10k or more per million invested.