I rent, but I've talked to several who have bought 2-5 properties over the past several years and earn passive income through renting or Airbnb. I think the real estate market is close to a tipping point and the Airbnb market is saturated. Anyways, would love to hear your answers and get a pulse on the housing / rental market. Thanks!
Real estate won’t crash in places like NYC. Everywhere else it’s another story.
5 properties, 1 primary and 4 rentals.
0 properties. Not feasible to acquire for a single person in the Bay Area. I’d have to marry rich.
Where is public2?
3 - primary + two individual duplexes. All in three different cities. The duplexes are in separate college towns and are rented to college students. Purchased all three prior to 2018, it would be hard to make the math work now as the interest rate increases and rents have fallen flat in the cities we have rentals in. I don’t plan or desire to own any more more and long term I’m hoping to turn them into multi-generational housing for some of my family members. Less a get rich quick scheme and more a place to park money and have a housing safety net for my extended family if needed.
2, a primary and 1 rental house fixer that we renovated in an expensive area we wanted to buy into while we can and have renters pay off the mortgage. We may move there after FANG. I’d buy more but houses in the areas I’m interested in are overvalued and interest rates are high.
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I own 2, I live in one of them though. i wouldn’t buy more at this time. However those that bought from 2012-2021 are already so far ahead, the market could crash 50% and everything would still be great. I bought in 2014 and 2018. I also locked 2.6% 15 y mortgages on both