Well there was the initial down payment as an outlay, so even in a must be cashflow positive outlook it still is costing $$.
And break even to me is different than just the mortgage, there's taxes, condo fees for condos, utilities if they're not under the tenant's name, etc.
Plus all the repairs and upkeep, unless you have a chunk to set aside for that when you buy a positive cashflow is needed to build up the $ for replacing the roof or hot water tank or whatever.
Most of my properties have been cash flow positive to some degree, but that is partially because of the really low interest rates we had for a long time. They are NOT positive today.
It'd all be part of the total picture when deciding to invest.. if you don't have the positive cash flow and you don't have the initial input to handle the upkeep and you can't cover a negative cashflow from personal income (basically a forced savings plan I see it like) then seems like a recipe for problems.
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Uncertainty is an uncomfortable position.
But certainty is an absurd one.
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