@GuyTalksFinance Do you have kids? Because if you do, she makes the salutary of…
A cook
A taxi driver
A babysitter
A house cleaner
An EMT
And I am sure there is more.
My wife is a stay at home mom and let me tell you, her “job” is at times harder then mine.
"People get confused sometimes they think an economy is money. Money is a database for exchange of goods & services. Money doesn't have power in & of itself. The actual economy is goods & services"
@heIpfullandlord Bring them to reality by saying they did not get the unit due to the kids.. as long as you can do it legally of course. Depending on the “kids” age, you might have to have them fill out an application to live at the property too.
Country - States - Cities - Towns - Communities - Families.
It starts with the family.
Family in the USA is absolutely broken.
Mother and Father can't even stick together. Extended families hate each other over politics. Where are the cousins? Great uncles?
Where is the guidance?
@Thefrugalgay11 I tent to be more of an optimist. And in this photo, your main expense might be the blinds. Obv. having a good maid will cost a little but… it could be even worse I guess.
@FilledWithMoney Just spent 90 min talking to my insurance about why my bill has increased approximately $130 a month (No poor driving too). I was told because of the state I live in (CA). I am sure that’s part of it but inflation is among us. That’s why I own rentals to hedge these rising cost.
@robertjforrest Depends on new or used. New sure sight unseen. Used, no way. You need to sit in that car and smell the visor to make sure it don’t smell like smoke…
@theficouple We do 6 months worth of mortgage payments (4 doors in total)
Reasons:
1. THINGS HAPPEN NO MATTER WHAT (Murphy’s Law)
2. Missed rent, most the time the other homes cashflow will pay for that mortgage, but things happen
3. Appliances breaking down
4. Plumbing
5. Just because
@Thefrugalgay11 We lived in a beautiful home, which we own, and decided to rent it out recently. So now, we rent. But the reality is, our other rentals (4 in total) pay for 90 % of our monthly rent.
@HeroDividend What do you get when you give %50 into your marriage and your wife gives %50? If you said %100 you are wrong. To get %100 out of your marriage, you need to always give %100. Find her love languages and work those into your daily routine. Always put yourself second to her, always
@heIpfullandlord I think what people forget is most RE owners account for all the what if’s. With that being said, if you have one unit you could take %100 loss. However if you have 10 units and one house is a problem, the other 9 units could help float that one. Cashflow is key.