this post was submitted on 23 Dec 2025
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I’m also noticing the owners said they are bleeding cash. But they bought 7 units (in 4 buildings) for 295,000. Assuming 0 down and 5% apr that just north of 1700 a month. So this one renter paying 727 is nearly half of their mtg.
Even if we say expenses and upkeep adds 50% to their monthly outlay, their costs are covered at 4 units rented…
I’m not exactly anti landlord but this screams rent seeking crocodile tears.
If she's "bleeding money" she can sell one of the seven units she owns.