All Forum Posts by: Tim Bee

Mississippi investor here. It is rather difficult to answer this question because I paid cash for most of my properties, but I house I bought for about 30K now rents for $900, your not likely to find those deals right now. 

Average NOI per door (before mortgage) is currently $710+/mo. across roughly 40 units.

 Your strategy isn't bad, it's what a lot of people here are seeking. And in fact, you're doing better than almost all of them. The question really isn't how is it subsidizing your life versus how much it could cost you. I would include loans, simply cause those aren't going to be paid by anyone but you. I get it, that your tenant is off-setting, but when push comes to shove you're on the hook. If you die, whose responsible? Other downsides, are you looking at those? I think the passivity nature of the income is great, granted how limited that may be in it's nature, it's really can you still cook if the kitchen is on fire. I think risk management is arguably even more important for you at this stage. I would not change the accumulation phase-- you're doing amazing.

How old are you?
What's your income outside of this?
What else do you have saved?
What are your other investments?
How much debt do you have?
How many do you support, and how many more do you intend to support?
What kind of lifestyle do you want to live?

Congrats! Will you be investing in CA or out of state?