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Updated almost 7 years ago on . Most recent reply
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Help! Is it worth it?
So we have purchased 3 single family and 1 duplex in the past 3 years. They are cash flowing fairly well. About $200. per month per unit after expenses, cap. ex etc... Averaging 40k equity per property and I do see the tax benefits. It just seems every time I turn around taxes are going up or I have to fight the assessed value. With only 4 properties it seems to be getting a little bit of a hassle. We do have a management company also, but are hands on working with contractor, cleaning etc... So it is not bad, but I just wonder is it worth it? I need like 20 units or properties at this rate and I fear I may regret if I keep going.
I just need someone to convince me to keep going. Thank you.