Is anybody cashflowing right now???

[Steven Barr]

With home prices still very high and interest rates now high too, is anyone actually cashflowing on newly acquired property? Even the 1% rule doesn’t seem to work anymore 

Example: assuming 20% down

Purchase price: 250k

Rent: 2500/mo

Expenses: 1375/mo (45% expenses)

Debt service: 1350/mo (200k at 7% fixed 30 am)

Cashflow: -$225

[Russell Brazil]

Why would you have $1375 a month in expenses on a $2500 a month rental? That is $16,500 per year. That would be like replacing the roof, waterheater, hvac, and some other repairs, every single year!