Submitted by jeanclaudevandamnnnn t3_zv66ka in RhodeIsland
OutlandishnessNo7283 t1_j1q06ga wrote
Reply to comment by jeanclaudevandamnnnn in Is Pawtucket the new up and coming area outside of Providence? by jeanclaudevandamnnnn
Why buy a multi family? I’ve noticed a lot of people have this false idea that it’s easy passive income and they can basically buy a house w/o paying for a mortgage. This is not true, it’s a toonnnn of work, you’ll have shitty tenants complaining all the time (at all hours), and you’ll also have wonderful tenants who cannot afford the rising rent and you will be faced with the decision to evict them. Not to mention upkeep and repair costs. Why would you ever want to be in this position?
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