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Updated almost 9 years ago,
What would you do?
Can you really live off of cashflow from rental properties ...example property at 123 main st is a 4 plex and its 100 percent occupied with tenants paying equally 750 so it generates 36K a yr but when you factor in mortgage payments prop management fees , taxes , insurance and utilities which I wouldn't pay but some landlords do also any maintenance that arises after all of this the cashflow isn't really their right like for instance say I had 50 K saved up and I found a duplex for 50K and I buy it out right so no mortgage payment both sides lease out for 850 so it generates 20K a yr but after the same expenses except mortgage payment which is the biggest debt payment the cashflow is kind of destroyed so my question is would it be better to save your money up and go and put money down on a 20 unit apartment building or buy something out right thanks.