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Updated over 1 year ago,
I love paying the bank for my small multi's
Do you ever feel like a gigantic bank-paying machine? But seriously have you run your numbers lately? When I break down the numbers and look at what I am paying to the banks to finance the assets that I'm controlling at this point in time they make five times what I make.
But I'm happy about it? No, seriously I am so glad about it. I have amassed a portfolio worth $1 million more than the initial investment. Sure I'm paying about $32,000 per month to the banks. But at the same time, I am making a whopping $5600. This is me being honest and transparent because the rest of what I'm making is accounting for things such as vacancy and repairs and property management.
It also shows the power of inflation in a positive sense for investors. If I raise My Portfolio by $100 in rent per unit this year I will double my cash flow. If I can sustain a 50 to $100 increase per year for the next five years I will have tripled my cash flow at least or put another way make somewhere between 14,000 per month 28,000 per month.
My small portfolio which I share with my cousin in Connecticut within the next three years we'll be able to sustain both our families moving forward. And that's with no reinvestment or acquiring anything else.
For those of you who are FI inclined, I'm already coast financial independence from my day jobs 401K combine this with a robust rental portfolio and it really begins generating generational wealth.
Are you happy with your investments?