All Forum Posts by: Robert Beardsley

i think the issue is not all landlords are created equal. you have some very weathly landlord out here that keep saying all landlords should eat the loss, but many like my self cant eat the loss's. i probably make the same or maybe a little more the my tenants at my w-2. the only difference is they have nicer cars then me, and dirt bikes, and 4 wheelers, and snowmobiles, they go on more vacations then me, they go out to eat more then i. i spend that money on investing. so why should i be the one that suffers? if your day job brings you 150k+ and you have 50 rentals ok i could see how you might be "privileged" unfortunately thats not all of us. and from going to my local meets i can say most of those people also arnt Privileged ether. i will say if there is something you can do that wont affect you badly then yeah go for it. maybe get a forbearance or something along those lines. but you shouldnt have to be forced to eat into your reserve because the people who live paycheck to paycheck tend to be pretty fortunate with how they treat them self on a daily basis, hence why they live pay check to paycheck. 

i agree $100 month isnt enough in my opinion unless you have a larger complex that they can cover each other. but every ones market is different. the areas i invest in 100 wouldnt make sense but i also cant find a place for 65k unless its a flip that needs to be gutted. COC is good so if this $100+ a month helps you build more cash for future investment it might be a good deal. will this be a house hack?

i pulled the trigger and closed on the 23rd on a 4 unit.. it was my birthday present to my self. the way i look at it is if you have reserves set up and you find a good deal go for it. best time to buy is always now. markets go up and down for all we know this will pass in 2 weeks or last for ever. it helps that when you close you normally have a month or 2 before your first payment is due.

mid July things will start to settle down. we will have a slow recovery to start because everyone will be scared. but by July (2021) of next year confidence will start coming back and that will be the start of the recover. i dont think it will be as bad as 2008 but it wont be a crazy bounce back like some think either. 

@Timothy Hero

Buy 2 multi family property by the end of the year. Closing on my first march 10th 4 unit. Before this only owned sfh as rentals