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Updated over 5 years ago on . Most recent reply

Tony Marcelle's profile image
Tony Marcelle's profile image
Tony Marcelle
  • from Bessemer, Alabama
  • Member since Jan 23, 2014
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Tony Marcelle's profile image
Tony Marcelle's profile image
Tony Marcelle
  • from Bessemer, Alabama
  • Member since Jan 23, 2014
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Tony Marcelle
  • Bessemer, AL
32
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581
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General Landlording & Rental Properties

What about the downside to multi-family investing?

Tony Marcelle
  • Bessemer, AL
Posted

I hear other people talk about buying a multi-family home is the path to create wealth. The passive income sounds great, but no one mentions the problems that come with it like becoming a landlord now means stuff have to be fixed and the landlord is now responsible for those problems even if the home is being used as a house hack. 

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Mike Dymski
  • #5 Investor Mindset Contributor
  • Investor
  • from Greenville, SC
  • Member since Mar 10, 2016
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Mike Dymski's profile image
Mike Dymski's profile image
Mike Dymski
  • #5 Investor Mindset Contributor
  • Investor
  • from Greenville, SC
  • Member since Mar 10, 2016
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
13,015
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

We live in the world of Falsebook, Instagratification, the easy button, comfort, permissive parenting, and get rich quick.  Why should anyone have to work for anything...that's crazy talk.

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