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PaperclipPerfector  6mo ago (text post)   3496 thread views

Small-Scale Question Sunday for May 12, 2024

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3% interest rate is very good and I suspect we won't see that for a long time

One important addendum to this is considering that this is already leveraged money. In a counterfactual scenario where you didn't currently own a rental property, but could purchase one with a 3% interest rate, this would be an excellent purchase at the moment.

You're correct that dealing with tenants can suck, but a huge amount of the suck is brought on by softhearted landlords. One of the big things to consider here is whether you're willing to treat any potential tenant in a strictly transactional fashion. If not, this is a bad business for you to be in.

Fair point. I think this a benefit of a property management company—they are consistently transactional by nature and requirement, whereas my softheartedness would probably vary by tenant.

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