ilmscore | Prediction Details
"The rent has to be enough to cover your property taxes, your insurance, your maintenance, your management fees, any vacancy costs and then if you have any debt cover that as well and then put some money in your pocket each and every month. That's the right way to invest in real estate. You have some people especially when you're in a very hot sellers market like we've been seeing when you're in a very hot sellers market you will see investors go out who have a lot of cash just go out and buy properties and say you know what I'm okay losing money every single month because I think this property is going to be more valuable next year so I'll be able to flip it for a profit. That's not the game that I play that's too risky, that's too speculative because I have no idea where housing prices or real estate prices are going to be in a year. I don't like to play that game. What I like to do is I want to make sure I can make a profit in my cash flow every single month and just keep working to accumulate the cash flow."
By Minority Mindset | April 7, 2024 | Pending
From video
Be A Millionaire Index Fund Investor (Index Funds vs. ETFs vs. Mutual Funds) 01:39:37 - 01:40:29
Interpreted Prediction
Profitable real estate investing requires rental income to exceed all expenses (taxes, insurance, maintenance, management, vacancy, debt), with the remainder being monthly profit. Speculative flipping in hot markets is deemed too risky compared to a consistent cash flow strategy.

Prediction Details

Topic
Real Estate Investing

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