what do i do if im renting 100 houses and 50 of them doesnt rent

Question

what do i do if im renting 100 houses

and 50 of them doesnt rent?

will i have to pay 50 mortagages???

Jerry W. · Answer

Yes, but if you got to 100 houses and have a 50% vacancy rate, you shouldn't have been buying more.  Try buying one and worry about it before you worry about owning 100 units.

Matthew McNeil · Answer

Pedro, there's no basis for a question here.  If its a legit question then you're throwing a stone too far down the road.  Your last post was somewhat ambiguous as well; what happens if i sell my house but the interest rates are so high that even sellling it it doesnt pay off the interest rates?

Can you provide more context or are you just taking notes on hypotheticals?  Between these two posts its like you're firing with a shotgun from 100 feet back.

Steve Vaughan · Answer

No, if you have debt on 100 houses, you have to pay 100 mortgages. Rented or not.

Mortgage companies are not landlords. They will foreclose on you if you fail to pay and they don't listen to sob stories or care why you can't.

But don't worry. If you operate at 50% vacancy, you will begin failing at house #2. 100 won't happen;)

Mark Fries · Answer

@Pedro Rodriguez

What a stupid question....

Ned J. · Answer

This guy either has ZERO clue or is just trolling us.....

Patricia Steiner · Answer

Oh, Pedro...math challenged?  Here we go:

100 houses = 100 mortgages (got it?)

50 are rented = 50 not rented.

How many mortgages do you have to pay?

Answer:  100

Better answer:  Go away, Pedro...

Justin Kane · Answer

really?? this has to be trolling

Robert Biggerstaff · Answer

That’s why a person stay smart and build reserves in case of bad times coming

Joe Villeneuve · Answer

ARe you asking a hypothetical question, or based on your current situation?

Nancy P. · Answer

Yes.  You have to pay the mortgage, property tax, association fees (if any)  even if the property is vacant or your tenant isn't paying.  Also what Jerry said.

what do i do if im renting 100 houses and 50 of them doesnt rent

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