Quote: (09-12-2013 07:28 PM)j r Wrote:
If you own in a place with high rents and steady demand for rentals you can "walk away" just as easily by handing the keys over to a management company and let them deal with the hassle of tenants for 9% of the rent. Even if unforseen maintenance costs and an empty month here or there eat into your profit, you're still breaking even and building some equity every month.
How many investment properties do you own?
I am going to buy my first properties this year.
It is not nearly as simple as you claim.
Or maybe it is.
Drop a data sheet on cash flow, etc.
Also, what happens if you get a tenant you have to evict? That's six months without rent.
Then what?
Do you always assume the most rosy scenario possible?