ilmscore | Insurance and Taxes Killed My Rental’s Cash Flow, Should I Sell?

Predictions from this Video

Total: 4
Correct: 2
Incorrect: 1
Pending: 1
Prediction
Topic
Status
A property in an A+ neighborhood in Cape Coral, Florida, will appreciate by significantly more than $700 per year.
"He said it's a A+ neighborhood that's one really important piece here I imagine it's going to appreciate more than $700 a year by a lot so he's actually not in the negative here really just more so from a cash flow perspective but certainly not from like a net worth perspective so I'd say keep it zoom out..."
Real Estate Investment
Incorrect
A 3-5% year-over-year rent increase will quickly resolve the negative cash flow issue for Zach's property.
"One one rent increase of 3 to 5% year-over-year is going to fix that for him pretty quickly I'd say"
Real Estate Investment
Correct
Buying a 'bad house' (in a poor location) will likely lead to it becoming a money pit, trapping the owner in a cycle of working overtime to keep the property afloat.
"our concern is that you can't get out of the game you buy a house that becomes a money pit and you're saying I had to work really hard to get this down payment I buy the house now I'm working all the time to dump more money into a property and there's no way out you just consigned yourself to a lifetime of overtime to keep a property afloat that's what our concerns are"
Real Estate Investment
Pending
People renting a short-term rental with a pool and an easily accessible overhanging roof will likely attempt to jump from the roof into the pool.
"if you bought a property that has a pool and then an overhanging roof right over it and it's like an easy access to the roof you're going to have people that want to jump off the roof into the pool"
Short-term Rental Management
Correct