Adam Williams
👤 SpeakerAppearances Over Time
Podcast Appearances
Okay, so let's get this straight.
You took and put 30% down on probably a $500,000 house, right?
So you took a massive chunk of your savings and you put it into this rental house, right?
You put your own credit on the line, right?
Then it took you probably a month or two to get a tenant in there.
Right.
And this you had to do no repairs.
You got a tenant in there and you're not even breaking even.
And that tenant hasn't moved out.
You haven't lost any rental income from it being vacant.
Right.
With a single family residence, if that tenant moves out and it takes you one, two, three months to get a new tenant in there.
How much have you lost?
Three, four, five years of cash flow?
Yeah.
In two months.
God forbid a HVAC goes out and it costs you 12 grand or a roof needs completely redone at 20 grand or this or that or all the... I did 252 of these things.
Yeah.
I know what a pain in the ass.
You've done thousands of these.