if he paid himself (and um, me) for the time he spends managing the properties he would barely break even
my f-in-law does rental properties and i've looked at his numbers, it's very low yield
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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You need high end rentals and a lot of passive losses to write off regular income. The only rich landlords I know own Manhattan brownstone type properties and bought in 70's/80's.
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yeah he might get lucky on gentification but he's too cheap to buy high-end... he literally buys the cheapest single family houses available tried to explain to him what an etf is, oh well he should just buy a farm, that would make him happy
End of conversation
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