Quote from @Kyle Luman:
Quote from @Kyle Kline:
On a recent Bigger Pockets Podcast episode (link above) the guest discussed the idea of investing for equity and not cash flow. Unless I missed it throughout the episode, I do not recall them ever discussing how you cover the cost of property repairs and capital expenditures.
It was the podcast with Dr Ben Aaker, he said he would fund the other real estate needs/expenses from his physician pay. He was trying to avoid increasing his annual income which was already high from his W2 job.
Thanks! Now that you mention that I do recall him saying this. Unfortunately, I do not have the personal funds available to support those expenses that easily. I also can’t help but wonder if spending your own personal money for repairs would outweigh the benefits of owning the investment property. I suppose in the long run it would still be worth it, but it seems difficult to swallow the fact that I’d be “losing” money for awhile instead I making it!