Is anyone actually putting money in their pockets at end of yr!?

[Mark Benevento]

Hey guys! I've owned a triplex for about 8 months and it seems once my acct gets to a good number taxes are due and something needs to be fixed. I'm covering the mortgage but just struggling. Any suggestions? Thank you!

[Dean H.]

Depending on the condition that you bought it in 8 months in and covering your payments and expenses isn't that bad. I buy rough properties generally so I guess I'm just used to having things pop up for repairs. Seems to stabilize about 18 months in for me and then,, just about the time it starts cash flowing I buy another one or two and reinvest it all in them anyway. Do this a couple of times a year and the next thing you know you have a nice portfolio. Still no ready cash but I could stop expanding anytime and collect cash I just enjoy the game too much. Remember its a slow and steady game.