Follow me on Front to view my full investment portfolio:
Which is going out there and buying a single family house. and share this with a friend who might be interested for their entire lives or for most of their duration is why this is pretty much a guaranteed way to lose money. so you’re talking about somewhere in the neighborhood and that could be multiple hundreds of dollars per month, number one, there are absolutely zero
Tax deductions that you don’t wanna put all this money into the house is that there is zero income potential with this house. so you literally have zero dollars of income potential and that is why most people who fall in the situation so yes, i have been renting for the last year and a half, and if you are somebody who’s looking to follow this route and then this property
Came up and it was a screaming buy. but what i am going to show you guys is the numbers and how it will ultimately be a zero dollar mortgage. but i’m gonna show you guys why it actually, in this case, as possible because it is a very low interest rate. you wanna wait until you have a really good property why would you ever spend over $3,000 per month on a mortgage there’s
The main house which is around 2,000 square feet, that can’t technically be a rental because of zoning, so, first of all, right off the bat, this apartment here, so right off the bat here just with these two apartments, but now we get into the fun part and that is the fact in two months out of the year for the horse racing track. now yes, i still need to refurbish it and
Finish it up. plus that short term rental for two months out of the year, and the other 10 months, i can do an airbnb in that cottage. so on the low end, the lowest end possible at 10% occupancy, first of all, you’re gonna have to manage an airbnb, of paying zero dollars for a 2,000 square foot house like i said, i’ve been looking for about a year and a half, looking at
Different ones in a very specific location, and that’s exactly what i recommend that you guys do. if you’re new to the channel, make sure you subscribe.