Has the current state of the economy made you want to expand into real estate further to diversify your investments?

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Nope, quite the opposite.

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One of my properties already lost 30% from ATH’s. Thankfully, I’m still keeping it occupied, but revenue has dropped (mid term rental). If I hadn’t bought my properties awhile ago with under 4% mortgages, I wouldn’t be cashflowing. Nothing pencils out right now in the market I’m willing to operate in, so I’ve just been putting my spare money in stocks for the past 2 years and seen much better returns than the rentals I have.

Also, even with a 30% decline in stocks, I don’t have ongoing costs like insurance, property taxes, or repairs that keep climbing even if the property is worth less on paper. Rents are declining in many markets that saw construction booms post pandemic, so covering those increased costs isn’t as easy as just raising the rent.

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Nah I’m sitting on cash making 3.8%

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Definitely not.

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Yes. Just bought my third rental property. About 2k a month ahead with 7% interest rates lol waiting for the rates to drop to 4.5% (fingers crossed). Will be making 4-5k then.

2k from the first two (after all the expenses and some set aside for repairs and vacancies). Third one finishing renovations but should also produce about 2k a month

Agree with SPM1. I’ll keep what I have / am in the middle of doing a 1031 exchange to closer areas so I can self-manage but it’s such a pain. Appreciation is still going strong so I think financially it works out ok, but rents are a bit stagnant and I don’t enjoy being a landlord

Bought a couple of properties 5 years ago when you could still get sub-3% rates, wouldn't do it now

We happen to be in a correction period, so yes, I am buying more real eatate. But this time, not SFH. Instead buying into Industrial Flex - multi-tenant, NNN leases.

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