Quote:
Originally Posted by jasonturbo
Lol @ anyone who thinks they can buy a rental property in Van and generate positive cash flow!
Unless of course you can buy it cash... which 99% of the population can't do.
|
You can't unless you buy multi family rental properties like multi units apartments.
But the Realtor will still try to fuck you by selling an apartment with a cap rate of 3%? WTF. Just because our interest rates are low, you can tell the seller to sell the apartment at such a high price? First they jack up the rent to make it look good on an annual income, then they say what the "potential" rent you can make if you jack up the prices, then they tell you how great of a return you're getting when rates are super low.
No offense to anyone here who's a realtor, but I'm really getting sick and tired of seeing these realtor making so much in commissions but only putting so little effort into the process. It seems like in their mind, it's all sell sell sell, buy buy buy.