[Spooky23]

I know of a guy who has 3 employees who coordinate aboit 800-100 properties.

He probably turns over something like $20M, and can use the portfolio to write off profits from other businesses.

[marktangotango]

Is that 80-100 or 800-1000? I have one single family rental and a new roof(hail damage), busted water pipe, and toilet wax seal cost me $5000 this year and that was with insurance covering 2/3 the roof) That was my profit for several years. Ie I don’t see how this is profitable to anyone.

[maerF0x0]

A big part of that game is capital costs vs inflation.

Someone who bought their home before a price boom can often turn a profit because the rents follow the price to purchase (roughly speaking).

So if you acquired a bunch of properties in 2008 after there was a crisis, its likely that they're very profitable (month to month) now

[40something]

It’s because most “gurus” don’t actually own and manage properties. The only way I can make a double digit cap rate in the hood is by doing all the maintenance and labor myself.