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I’ve got a couple of rental properties, but yeah, the high rates are making it harder to justify new ones right now. Cash flow is tight unless you’re getting a killer deal. I’m waiting to see if rates ease up or prices dip. Meanwhile, I’m focusing on improving the ones I already have.
I have one but I’m in a slightly LCOL. Mortgage is $1850 on a 7% rate and the other unit pays $1600. I’m essentially living for free. If I moved out I can probably cash flow $1800. Looking to repeat the process next year.