Thread: house Portfolio

Ceejay,

Your question doesn't seem to have a clear meaning. You want to know whether it's possible to have rent cover the mortgage and more? If so, yes, many people are buying houses today that will have positive monthly cashflow. If you're concerned about stress, then maybe investing isn't for you. If it was easy, then everybody would do it, and the reward would then be minimal.

Originally Posted by stevetrang

Ceejay,

Your question doesn't seem to have a clear meaning. You want to know whether it's possible to have rent cover the mortgage and more? If so, yes, many people are buying houses today that will have positive monthly cashflow. If you're concerned about stress, then maybe investing isn't for you. If it was easy, then everybody would do it, and the reward would then be minimal.

I concur... ALL my properties are paying off the mortgage as well as giving me some extra $$. (I wouldn't buy one that didn't. Well, unless I could get it for a song, rehab it, and sell it quickly, for huge $$, but that's another story.)

If you can't handle the stress of tenants, and believe me some can be very stressful, then maybe landlording isn't the way to go, though there are many other ways to invest in RE, so you are not totally out of RE investing.

Please clarify, if we are missing the boat, but the simple answer is, why would you invest in something where you would be losing money?

Originally Posted by ceejay77

Is it possible to buy houses and have the tenants pay the mortgage payments through rent,my sister is doing that and if a tenant leaves they hit the panic button seems a lot of stress and the rent only covers the interest on the loan but is not paying off the loan it self is there a better way or a way to safeguard your investment if the tenants dry up?

This is a big financial time bomb, I did this and had to cover for months when the tenants moved, so that my credit remain ok. I did this with over 6 homes and it was a big headache.