Quote:
Originally posted by logic00
the cheaper the property the easier it is to flip it if does not go well and buying a "white Elephant property" for 1 mil and renting it for 100,000G a month you carry a great chance of loosing money. If you have a mortgage payment of 7K and you do not have a tenant for one month you just lost 3K on the other hand if you have a mortgage payment of $300 month and your tenant pays $800 it is a lot easier to take a $500 loss then $3k. Also it is so much easier to find someone to rent your apartment for $800 then 100, 000 even if it is 100 times better.
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There's more to real estate that buying single occupant houses and low rise apartments. These type of investiments are time consumming for the owner and not that worth it.