Updated over 6 years ago on . Most recent reply
Servicing Debt on multiple properties
Is there a method to servicing the debt that is accumulated through the financing of the properties? If you have 5 properties and 3 go vacant and the 2 that have the income do not cover all 5 what are the best safety measures?
In 2008 I had 9 properties and 5 went vacant or actually the tenants stopped paying rent. I would like to avoid making the same mistake this time around and would love to hear any ideas.
This website is a great start and a great resource so I can avoid my past mistakes.
Most Popular Reply
@Larry Turowski I disagree, there were definitely respectable areas that were hit hard enough to warrant a 5 out of 9 vacancy rate with a bit of bad luck. I'd also argue that nicer areas were impacted a lot more that "war zones"