Hi Melvin, regards to your shop, have you done a pareto analysis on what is taking up all your rental returns? I bet, your top payment is the mortgage loans. It's the banks that are getting all the financial benefits, not your tenant. So, I would suggest if you can, sack the bank, by paying off your loans for this property. If not, better to bite the bullet and sell the property at a reduced price, and move on to something else.
Hi there! Thank you for watching our content! That's a very interesting point raised we would love to discuss more about this! Feel free to join our NOTG community telegram channel where we discuss anything real estate related t.me/notgpod Cheers! 😃
Isn’t it cold wallet ? Not hot wallet 😅
Melvin, since you were the property agent there did they not pull you into the discussion to ask you your opinion on the house he bought? haha
Hi Melvin, regards to your shop, have you done a pareto analysis on what is taking up all your rental returns? I bet, your top payment is the mortgage loans. It's the banks that are getting all the financial benefits, not your tenant. So, I would suggest if you can, sack the bank, by paying off your loans for this property. If not, better to bite the bullet and sell the property at a reduced price, and move on to something else.
Hi there!
Thank you for watching our content! That's a very interesting point raised we would love to discuss more about this! Feel free to join our NOTG community telegram channel where we discuss anything real estate related t.me/notgpod
Cheers! 😃