Re:Ask HN: What is your best passive income 2019?
by marktangotango on Tuesday January 15, 2019 @08:06PM
(#18917374)
Is that 80-100 or 800-1000? I have one single family rental and a new roof(hail damage), busted water pipe, and toilet wax seal cost me $5000 this year and that was with insurance covering 2/3 the roof) That was my profit for several years. Ie I don’t see how this is profitable to anyone.
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Re:Ask HN: What is your best passive income 2019?
by maerF0x0 on Tuesday January 15, 2019 @08:39PM
(#18917567)
A big part of that game is capital costs vs inflation.
Someone who bought their home before a price boom can often turn a profit because the rents follow the price to purchase (roughly speaking).
So if you acquired a bunch of properties in 2008 after there was a crisis, its likely that they're very profitable (month to month) now
Re:Ask HN: What is your best passive income 2019?
by 40something on Tuesday January 15, 2019 @08:31PM
(#18917524)
It’s because most “gurus” don’t actually own and manage properties. The only way I can make a double digit cap rate in the hood is by doing all the maintenance and labor myself.