Updated almost 10 years ago on . Most recent reply
Growing pains
I currently own 4 single family homes all with Mortgages of varying durations. My total equity is 50% in these houses. Even with this large equity I find it difficult to overcome expenses.
My experience over 5 years leads me to believe that expenses will be 50% of income and the rest goes to paying on the mortgage. How does one buy more properties without living on the edge ?
Must I pay off all my real estate before I buy another house to overcome expenses ?
I want to buy 16 more houses and don't want to be on deaths door before I acquire them ?
Anyone else going through growing pains ?