Can't be profitable with just one property?

[Tim Lyons]

On another forum, someone argued that buying just one property was a bad idea, stating that it will "drain me" and that you need multiple properties to be successful. I told him that if any one property can't be profitable, then you could never profit from having multiple unprofitable properties. 

Any thoughts?

[Edward B.]

Originally posted by @Tim Lyons:

On another forum, someone argued that buying just one property was a bad idea, stating that it will "drain me" and that you need multiple properties to be successful. I told him that if any one property can't be profitable, then you could never profit from having multiple unprofitable properties. 

Any thoughts?

You are right, he is wrong.