General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 15 years ago on . Most recent reply
Joshua DorkinPoster
#2 Questions About BiggerPockets & Official Site Announcements Contributor
Pro Member
#2 Questions About BiggerPockets & Official Site Announcements Contributor
- BiggerPockets Founder
- Maui, HI
- 5,816
- Votes |
- 16,121
- Posts
Rental Property for Beginners -- Careful Folks!
Joshua DorkinPoster
#2 Questions About BiggerPockets & Official Site Announcements Contributor
Pro Member
#2 Questions About BiggerPockets & Official Site Announcements Contributor
- BiggerPockets Founder
- Maui, HI
I just read one of the worst articles EVER concerning rental properties and new investors. It is no wonder people get into trouble when they read dreck like this:
"Rental properties provide you with immediate income. While you will have expenses every month like a mortgage payment, as long as you have a tenant, you can expect on some money coming in."
And it went on with more gems just like that.
Sure . . . the landlord who paid $250,000 for the duplex that is bringing in $1,600/month is has "some money coming in" . . . not enough to pay the bills, but he's got some money at least, right?
YIKES!
