Leverage is not an asset when rates are high. 3) No talk of cash reserves - what happens if you have an emergency?

National savings rates have plummeted, increasingly reliant on credit cards to fill financial gaps.

I'm From Ethiopia I just found biggerpockets and really love the community, the contents and all members helping one another I'm also new to investing and would love to learn and grow in my financial freedom journeyIts an honor to be part of this community and looking forward to learning, growing, connecting with like minded people Thank you for all who created this amazing platform , Have a Great Day!

@Craig Bowman Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.

Financially, the numbers make sense, but I need to have a proper inspection since this is my first home (and I'm going unrepresented) and the house is built in 1915 with some renovations that were clearly done by the investor selling the property rather than a professional.Question: Although  previous owner has owned the property for 3 years and rented to tenants previously, should I be concerned that the legal zoning is only for SFH?

Professional property managers are skilled in market analysis and can help set rental rates that attract tenants while maximizing profitability.Tenant Retention: Good tenants are a property owner's greatest asset.

You are making the decision to grow your financial portfolio in a great way.

I have been in non profit for 13 years and Im seeking financial freedom and ways to help others do the same.

But here are some really interesting numbers...Ok so this one doesn't look too bad but notice how much more the townhouses and condos dropped in prices over the last downturn.2007 peak to now isn't so good...Before the 2007 run up to now is better, but even then, apartment condos performed the worse (so best case scenario, you have the worse performing asset type, worse case scenario you had a terrible return), and that's assuming you had nothing go wrong with the condo (special assessment etc)But benchmarks don't even tell the whole story, because if you had a specific condo investment, and you tracked it's value overtime, benchmark prices isn't the right approach as it evolves overtime (benchmark price is the price of a typical property generated at each point in time).