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  • Sylvia Ho

Are You A Landlord In Negative Cashflow and Dipping Into Your Savings? ๐Ÿค”



๐‡๐ž๐ซ๐ž ๐ข๐ฌ ๐ฐ๐ก๐š๐ญโ€™๐ฌ ๐ ๐จ๐ข๐ง๐  ๐จ๐งโ€ฆ.


I remember back when I couldnโ€™t wait till the 1st of each month to deposit my rent cheques. I was super happy to pull out those cheques and accept those email transfers.


Felt like I was set for life and ๐ญ๐ก๐š๐ญ ๐ˆ ๐ฆ๐š๐๐ž ๐š ๐ ๐ซ๐ž๐š๐ญ ๐๐ž๐œ๐ข๐ฌ๐ข๐จ๐ง ๐ญ๐จ ๐›๐ฎ๐ฒ ๐ญ๐ก๐จ๐ฌ๐ž ๐ซ๐ž๐ง๐ญ๐š๐ฅ๐ฌ


So, each month I would look at my bank account and see the rental income come inโ€ฆ woohoo!! This will be my ๐ฉ๐š๐ฌ๐ฌ๐ข๐ฏ๐ž ๐ข๐ง๐œ๐จ๐ฆ๐ž ๐Ÿ๐จ๐ซ ๐ซ๐ž๐ญ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ


The longer I keep holding onto this property, the more I will make. This is a long game. This is how the wealthy stay wealthy. They buy real estate and hold it for long periods of time.


๐€ ๐Ÿ๐ž๐ฐ ๐ฒ๐ž๐š๐ซ๐ฌ ๐ก๐š๐ฏ๐ž ๐ ๐จ๐ง๐ž ๐›y, rates have gone up and now I make a little less each month. But I know that the decision to buy was still good. I can handle this rate increase. Itโ€™s not affecting my lifestyle.


๐‘๐š๐ญ๐ž๐ฌ ๐ ๐จ ๐ฎ๐ฉ ๐š๐ ๐š๐ข๐ง thatโ€™s ok! Itโ€™s just temporaryโ€ฆItโ€™s going to be ok. The government canโ€™t keep increasing those rates but I donโ€™t have control over the government. So, I am more worried now.


๐‘๐š๐ญ๐ž๐ฌ ๐ ๐จ ๐ฎ๐ฉ ๐š๐ ๐š๐ข๐ง ๐š๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐ญ๐ข๐ฆ๐ž ๐ฆ๐จ๐ซ๐ž ๐ญ๐ก๐š๐ง ๐ฉ๐ซ๐ž๐๐ข๐œ๐ญ๐ž๐. Now I am getting stressed Itโ€™s starting to affect my lifestyle.


What should I do? I thought buying this investment property would set me up for life.

๐š๐ง๐ ๐ญ๐ก๐ž๐ง ๐ˆ ๐ฆ๐š๐ค๐ž ๐ญ๐ก๐ž ๐ฆ๐จ๐ฌ๐ญ ๐œ๐จ๐ฆ๐ฆ๐จ๐ง ๐ฆ๐ข๐ฌ๐ญ๐š๐ค๐ž ๐ฉ๐จ๐ฌ๐ฌ๐ข๐›๐ฅ๐ž ๐š๐ฆ๐จ๐ง๐  ๐ฅ๐š๐ง๐๐ฅ๐จ๐ซ๐๐ฌ


I dip into my savings fund! My real estate investment has gone from an asset to a liability now. Bye bye money


Did I really make a good decision to buy that rental investment property???


๐ˆ ๐š๐ฆ ๐ง๐จ๐ฐ ๐ข๐ง ๐ฌ๐ฎ๐ซ๐ฏ๐ข๐ฏ๐š๐ฅ ๐ฆ๐จ๐๐ž. I am now watching every penny I spend. This canโ€™t be happeningโ€ฆ


If any of this resonates, hereโ€™s whatโ€™s going on:


๐‹๐š๐ง๐๐ฅ๐จ๐ซ๐๐ฌ ๐ฐ๐ก๐จ ๐ ๐ซ๐ž๐ฐ ๐ฎ๐ฉ ๐ข๐ง ๐ญ๐ก๐ž โ€œ๐Ž๐ฅ๐ ๐’๐œ๐ก๐จ๐จ๐ฅโ€ ๐ฐ๐š๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ง๐ค๐ข๐ง๐  - โ€œOld Schoolโ€ thinking is work hard, save, save, save work with a financial planner, pay off your mortgage asap and retire with a house that is free and clear.


๐๐”๐“ ๐ญ๐ก๐ข๐ฌ ๐ข๐ฌ ๐ง๐จ๐ญ ๐ ๐จ๐ข๐ง๐  ๐ญ๐จ ๐ฐ๐จ๐ซ๐ค ๐š๐ง๐ฒ๐ฆ๐จ๐ซ๐ž It may have worked with our parentsโ€™ day and age but not today.


Today is different. ๐‚๐จ๐ฌ๐ญ ๐จ๐Ÿ ๐ฅ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ฌ ๐ก๐ข๐ ๐ก๐ž๐ซ and our incomes have NOT caught up with our expenses.


Landlords need to change their approach to โ€œ๐๐ž๐ฐ ๐’๐œ๐ก๐จ๐จ๐ฅโ€ thinking, which is a ๐ฌ๐ญ๐ซ๐š๐ญ๐ž๐ ๐ฒ ๐ž๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ž๐ ๐›๐ฒ ๐ญ๐ก๐ž ๐ฐ๐ž๐š๐ฅ๐ญ๐ก๐ฒ.


๐“๐ก๐ž ๐ฐ๐ž๐š๐ฅ๐ญ๐ก๐ฒ ๐ฎ๐ฌ๐ž ๐ญ๐ก๐ž ๐๐Ž๐–๐„๐‘ ๐Ž๐… ๐‘ป๐‘ฏ๐‘ฌ๐‘ฐ๐‘น ๐Œ๐Ž๐‘๐“๐†๐€๐†๐„ ๐š๐ง๐ ๐‹๐„๐•๐„๐‘๐€๐†๐„!


The wealthy know how to ๐ญ๐ฎ๐ซ๐ง ๐๐€๐ƒ ๐ƒ๐„๐๐“ ๐ข๐ง๐ญ๐จ ๐†๐Ž๐Ž๐ƒ ๐ƒ๐„๐๐“!


Those who implement this plan are able to ๐œ๐จ๐ง๐ฏ๐ž๐ซ๐ญ ๐ญ๐ก๐ž๐ข๐ซ ๐ง๐จ๐ง ๐ญ๐š๐ฑ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐›๐ฅ๐ž ๐๐ž๐›๐ญ ๐ข๐ง๐ญ๐จ ๐š ๐ญ๐š๐ฑ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐›๐ฅ๐ž ๐ฆ๐จ๐ง๐ž๐ฒ๐ฆ๐š๐ค๐ข๐ง๐  ๐ฆ๐š๐œ๐ก๐ข๐ง๐ž ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐Ÿ”-๐Ÿ๐ŸŽ ๐ฒ๐ซ๐ฌ.


Those who adopt this strategy correctly will ๐ซ๐ž๐œ๐ž๐ข๐ฏ๐ž ๐ข๐ง๐œ๐จ๐ฆ๐ž ๐ญ๐š๐ฑ ๐ซ๐ž๐Ÿ๐ฎ๐ง๐๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐ญ๐ก๐ž ๐ ๐จ๐ฏ๐ž๐ซ๐ง๐ฆ๐ž๐ง๐ญ ๐ฐ๐ข๐ญ๐ก๐จ๐ฎ๐ญ๐œ๐จ๐ง๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐ง๐  ๐š ๐ฉ๐ž๐ง๐ง๐ฒ ๐ญ๐จ ๐ญ๐ก๐ž๐ข๐ซ ๐‘๐‘๐’๐ and then these refunds go to pay off your mortgage EACH year.


Essentially, ๐ญ๐ก๐ž ๐ ๐จ๐ฏ๐ž๐ซ๐ง๐ฆ๐ž๐ง๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐๐€๐˜ ๐ฒ๐จ๐ฎ ๐ญ๐จ ๐จ๐ฐ๐ง ๐š ๐ซ๐ž๐ง๐ญ๐š๐ฅ ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ!


Those who implement this strategy will pay off their owner-occupied mortgage 5-6 years earlier on average! And bonus - those who implement this strategy will also ๐š๐œ๐œ๐ฎ๐ฆ๐ฎ๐ฅ๐š๐ญ๐ž ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฐ๐ž๐š๐ฅ๐ญ๐ก ๐Ÿ๐จ๐ซ ๐ซ๐ž๐ญ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ


Most investment strategies involve more cash out of your pocket BUT the best part is this strategy ๐—ฑ๐—ผ๐—ฒ๐˜€ ๐—ก๐—ข๐—ง ๐—ถ๐—ป๐˜ƒ๐—ผ๐—น๐˜ƒ๐—ฒ ๐—ฎ๐—ป ๐—ถ๐—ป๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ฒ๐—ฑ ๐—ฐ๐—ฎ๐˜€๐—ต ๐—ณ๐—น๐—ผ๐˜„. You maintain the ๐—˜๐—ซ๐—”๐—–๐—ง ๐˜€๐—ฎ๐—บ๐—ฒ ๐—ฐ๐—ฎ๐˜€๐—ต ๐—ณ๐—น๐—ผ๐˜„ ๐—ฎ๐˜€ ๐˜๐—ผ๐—ฑ๐—ฎ๐˜†!


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