Quote: (11-03-2018 06:47 PM)Graft Wrote:
I hope those properties have a mortgage that is eating into your rental income. $53k for 1.6 million in properties? Where can I rent 1.6 million in property for 4100/mo? 3.3% is nothing.
I thought the exact same thing. This isn't adding up at all unless there are mortgages involved and if they are, then it's nothing to balk at. $53k/year in passive income AND paying off the mortgages isn't a bad place to be, but if those properties are paid off, something very wrong is happening.