Quote:
Originally Posted by sdubfid
Nobody has a crystal ball but if you base the future on what has happened for the last 120 years he’s likely accurate.
As for rymack, post up a spreadsheet showing the numbers. Value, equity, taxes, maintenance, expenses, rental income, personal headaches.
How many stories is the building? How much would 7k in new cabinets and flooring bring income up? Are you able to add ac either window shaker or mini split?
Some simple things could give you a 20% return on your cash, increase the value and make your tenants happy.
Could you invest in yourself and double or triple your income?
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if we're broadly saying RE will go up in the future then of course he's right, but you cant pinpoint the next few years with that much certainty. market moves up, but it's not a straight line.