Quote:
Originally Posted by RichieRich
I know a few people that own/manage a few (1-3) rental properties. They’re not slum lords. They’re pretty normal and they’ve been scared for a few years and moreso now. They have not been making huge dollars, perhaps 3-6% ROI which really has not been great compared to markets since 2008.
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Not sure why their scared, if they can't handle the measly 3-6% of ROI they can always sell for a large profit! I bought my first house in 1994 for $122k, it's been a rental since I paid it off a few years ago and I bought a small condo for myself of which the rental almost completely pays for, I have a great family renting the house but they just can't afford a house worth $550-600k, I haven't raised their rent in the 3 years they've been there but when I sell it in a few years for retirement I think I'll feel like a criminal.