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Updated over 5 years ago on . Most recent reply

User Stats

16
Posts
3
Votes
Robert Fritsche
  • Newport Beach, CA
3
Votes |
16
Posts

Servicing Debt on multiple properties

Robert Fritsche
  • Newport Beach, CA
Posted

Is there a method to servicing the debt that is accumulated through the financing of the properties? If you have 5 properties and 3 go vacant and the 2 that have the income do not cover all 5 what are the best safety measures?

In 2008 I had 9 properties and 5 went vacant or actually the tenants stopped paying rent. I would like to avoid making the same mistake this time around and would love to hear any ideas.

This website is a great start and a great resource so I can avoid my past mistakes. 

Most Popular Reply

User Stats

114
Posts
61
Votes
Benjamin Piecenski
  • Lender
  • Columbus, OH
61
Votes |
114
Posts
Benjamin Piecenski
  • Lender
  • Columbus, OH
Replied

@Larry Turowski I disagree, there were definitely respectable areas that were hit hard enough to warrant a 5 out of 9 vacancy rate with a bit of bad luck.  I'd also argue that nicer areas were impacted a lot more that "war zones"

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