Quote:
Originally Posted by mariners_fever
Try owning a rental property and turning a profit, it might open your eyes.
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I suspect you're mixing up profit with cashflow. You can be cashflow negative but still profiting, because as you pay down the mortgage you are increasing your equity. In an efficient market, rental properties would typically be cashflow negative for the owner. If a renter's payment was to cover the mortgage, utilities, maintenance, condo fees, property taxes etc. on a property, then usually that renter might as well buy instead so they can be the one building equity in the property.