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Bought 22 Rental Units and Now I Regret It. Here’s Why…

Stefanie Kebede 359 views

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With updated appliances,Could you possibly increase the rents?
Comment from : @TheGatesFamily

I respect the fact that you kept it real
Comment from : @talikel4601

Fix and flip 50 of your portfolio and bank it or pay down the other 50
Comment from : @Sustainable1492

This was a very good video People who think rental properties will be a cash machine Face big disappointment when they learn, they are really dealing with people and families and are required to provide quality housing for the people who live in these homes Even worse is sometimes the people living in these homes, face hardship and setbacks that prevent them from paying rent
Comment from : @fundinghomes

Could it be too you bought too many too quickly?
Comment from : @ourgreatnesswithin

respect your honesty
Comment from : @milagrosroman9978

Thanks for sharing your honest insights This is really what I wanted to hear Hope you'll make more videos about strategies on how to become a successful landlord
Comment from : @akg1680

"Bought my first rental property, and honestly, I regret it The headaches and unexpected costs have been more than I anticipated Lesson learned!"
Comment from : @HuguoTyrrellHilditrut

You have a think big mindset You are going to be just fine
Comment from : @RidleyHolmes-sr2tw

Most of your money goes right back into the building
Comment from : @angelartistic3056

It's a wealth building strategy for longer term IMHO, Definitely need a second source of income Depreciation, property tax, mortgage Interest, repairs and management fees are all tax write offs to counter balance the passive income The other 2 pros are 1 Property values tent to increase with inflation 2 principal balance is being paid by the tenant (ie equity is being made 2 ways)
Comment from : @NA-mh1cn

The cash flow is shit but just wait til you cash out on the properties
Comment from : @adammajid6937

This is What is called inexperience,, And lack of research
Comment from : @blumaxx1

There u go Let God Lead you He knows what’s best Prov 3:5-6 Thanks for sharing 👍🏽
Comment from : @Michiganian8

Call Orlando Miner for advice, haaaaaa😆 haaa😅 haaaaa
Comment from : @matt7iron

Hey Thanks for being open about owning rental properties These are the things that they don"t tell you about So Thanks for the transparency!
Comment from : @SimuelTurner

a big problem landlords and real estate companies dont train or inform themselves on tenant rights all about the money til your chasing multiple prior tenants for money judgements and attorneys fees to cover your investments if tenants were to try to discharge their debts landlords and real estate agnecies would be forced to have pristine conditions in turn prob could not own as many properties as they do
Comment from : @NJerZeyTV

Your strat wasn't very smart to begin lol
Comment from : @shizzy71

Sell 4 to be liquid
Comment from : @william5862

If you believe you can replace a roof for $5,000 I have some land to sell you
Comment from : @Brodijohnson4418

Great video very true!
Comment from : @shelbyryan5859

So after repairs, vacancies, non-payments, it is a negatives cash flowbrRent is the maximum you will getbrMortgage is the minimum you will pay
Comment from : @texassecession6422

Ohhh so u done bought up the city lol #717
Comment from : @beatsbymelody

Thank you for your honesty regarding this Stephanie
Comment from : @ellconnor7413

Maintaince, getting tenants to pay on time, property taxes
Comment from : @donsmith4833

Also don't just buy random properties, analyze the area, demographics, is there job growth? What's the poverty rate ideally , you want to buy in areas that are appreciating in value and or up and coming
Comment from : @Prfctdtlz

Why don't you give me a chance to help you with the maintenance I was a home builder in the past and I know how to keep your property up and running
Comment from : @hectorportillo729

Thank you Stephanie 🙏🙏🙏 This is the real truth
Comment from : @Love-of-fate

Finding your way in capitalism, when you're young can be a pain Keep going because you are learning to be a capitalist! Doing your own research is key
Comment from : @GiiGii-MS

You needed a real job while trying to wholesale and sell property That 22 unit and the net proceeds was enough to keep it going
Comment from : @mikep1546

I am not an investor, just a "homeowner", however l am curious when it come to "major" repairs to the homes insurance doesn't pay for those? And l guess depending on your state of residence are there not grants or other resources that can be used instead of relying on cash flow?
Comment from : @widowschronicles7206

So young and ambitious Thanks for sharing your story We live and learn Most people will never accomplish what you have done, so be proud of yourself Wishing you all the best
Comment from : @dollieunsudimi6889

We refinanced our home property and bought 2 rental in cash So we don't have a mortgage brbrWe still have repairs, taxes, HOA and insurance brbrSo nothing is easy I am sorry we bought a condo in Florida because the insurance is expensive Now besides the HOA, now we have Special Assessment pymts brbrSingle family is better at least there are no restrictions, HOA and Special Assessment brbrI wish you all the best sister May the Lord give you wisdom and continue to bless and prosper yoy❤❤
Comment from : @yvonnereid-rose-nw5kf

We need to date
Comment from : @faded_7027

Hi
Comment from : @JamesDonald-i2v

I feel bad for you I really do but just rent them out to all section 8😮
Comment from : @VikkiVallencourt

Greed greed greed, now deal with it
Comment from : @montizzlefoshizzle7131

Ok
Comment from : @AdannaHappiness133

You don't have to be in the position you're in
Comment from : @Brother-vi9bw

My beautiful sister! You are already pretty savvy in the real estate arena Start over Go get a deal and do a lease option on it Get away from rental properties and mortgages babygirl
Comment from : @Brother-vi9bw

So true
Comment from : @DanetteGrant

I am getting into Real Estate investing My buyers are Rent to Own, so they would handle the repairs
Comment from : @teslavsmustang7818

I make 170k incorporated at my desk 9 to 5 as a consultant No need to hassle with bad tenants, repairs
Comment from : @xxxxsha

She made some bad moves, period
Comment from : @77danamae

So, what you're saying is that you're living off the backs of people who can't afford to buy, probably because of your greed You purchased twenty-two starter homes, raising property values and denying others the opportunity to become first-time homeowners Now, you regret your parasitic behavior, not because you feel anything, but because it's not working out for you No sympathy
Comment from : @pauladuncanadams1750

This comments section is literally why people hate landlords & why you are leeches on the working class Dumbass, this is a basic human right you are exploiting so you can "rely on tenants to service your lifestyle"
Comment from : @AlexandriaV

Look sister don't be like the rest of them buy one property and be happy with it😂😂😂😂😂😂😂😂
Comment from : @prmhighflr69

You have to be really strategic in real estate investing One thing i did when i got in was look at the reason why ppl failed during a recession I had to put myself in a position from the start that would survive a down economy Over leveraging was one of the reasons ppl lost everything Instead of moving fast, i moved slow and steady buying all of my properties with cash only So instead of getting a 200 a month profit, it receive 100 profit on all properties minus taxes and insurance Learning from other peoples mistakes in real and in life period is very crucial for survival
Comment from : @lynettemichi739

❤
Comment from : @BillBrownktav

Definitely a get rich slow game That cash flow will come with property pay down and increased rents overtime Keep your day job put a property manager over them guys and don’t worry bout em until you wanna retire!
Comment from : @godfearintrucker

What city is she in?
Comment from : @robbrad4532

May God continue to guide you
Comment from : @amazingvacation2665

Thank you for this transparency!
Comment from : @amazingvacation2665

Honestly most of your points are that you just didn't do the rehab part of the BRRR or you due diligence Roof goes out? WTF you should have known this when it was purchased I can not listen any father, you can not know what you are doing
Comment from : @Atrayus1984

This is 100 correct The key is to be a general contractor and buy properties at low cost
Comment from : @themastersbuilder8989

I love your work, keep grinding
Comment from : @danielrichmond9754

When I was your age myself and a partner started buying rental properties I found out real quick that I did not want to be a landlord I can only imagine 22 different units using you as an emergency contact The amount of devastating damage to many of your units Three out of four of our units had to be completely redone if we could get the people out I could go on and on This was 40 years ago I can only imagine how people take care of things now that they do not own Good luck you are very bright and articulate young lady You will do well This may not be the venture for you though One heck of a good learning curve Growing up fast
Comment from : @SKG1941

thank you
Comment from : @larenzolotto

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money I started investing with $120k and in the first 2 months , my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and gets more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @YinusaSaheed

I make that amount with one job and a little bit of overtime So your stress is in vain and I have 3 pensions and don't pay for health care benefits
Comment from : @matgrays737

This is what happens when u over leverage Keep the properties that have the highest cash flow sell the others and use the profit to pay down the ones u keep
Comment from : @kayjay7865

Finally somebody who is real with their content, really wish I could have seen this when I first started But I am grateful that I experienced what I have The lesson I’ve learned just from the 2 videos I’ve watched so far is that I need to network more You can’t do it on your own unless you already have millions laying around
Comment from : @JmtDon

I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2026 As a backup plan, I've been thinking about purchasing stocks What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce Why does this happen?
Comment from : @tatianastarcic

Cash flow is the money after expenses It sounds like your properties do not cashflow
Comment from : @DarwinS14

🔥🤔🔥Do you & Your partner have Business Credit Cards & Lines❓
Comment from : @davidthepetmoretransportgu5859

🔥😎🔥🙃Congratulations on 22 units in 18 mos🔥🤔😳🔥Why didn’t you Cashout Refinance Some of these AND hold a few w/s 1…repeat❗️🤔
Comment from : @davidthepetmoretransportgu5859

I invest in stock market, don't know much about rental properties 10 years a go I was thinking to do what you are doing now On paper I calculated to reach 10 properties in 3 years, when I was working One question, did you think about interest-only mortgages to maximize your cash flow Perhaps you can go back to drawing board and do IOM, you can keep some cash flow as well as pay some units faster to own them You did not mention insurance for rental, there is an insurance if some renters don't pay their rent, insurance pay Ofcourse since you are running the business you need to check the numbers if that makes sense for your business overall
Comment from : @berkanyildirimlar

Thanks for being more honest about the negative side of the rental business Great in service
Comment from : @alfredwhitejr2306

Don’t rent or buy rentals Build new construction Contact me to find out how
Comment from : @jreal3072

So don't scale too fast and have another source of income
Comment from : @JS-jv6rg

Very common mistake Wrong approach It happens to a lot of people, me included It is about the quality, not the quantity You want to be able to see the roadmap of how you will scale it, well in advance Doing this business in “rolling with punches” format definitely doesn’t work )
Comment from : @TuranZeynalliArmWrestling

Thanks for sharing, I completely agree Labor and repair costs in the USA are WAY too high currently to make any real return in investment
Comment from : @ninabuckley1666

I think you just was in the wrong type rental market , luxury rentals are the way to go you rent to poor people and you get the problems
Comment from : @timmyjones1921

Ayzosh!
Comment from : @siirall

Just hope the local yokels don't pass a special assessment(tax) to add to your property taxes
Comment from : @scottbros6368

Well said, "equity rich and cash poor" my parents are in this situation and arent living much poepl always say oh you havea big house but never buy stuff never travel never live life i gotta help pay bills too and they cant find work cuz they too low skill
Comment from : @opufy

you should make renters pay utiities
Comment from : @ThabitiNews

This is why I don’t care to be a home owner It’s way too much liability and way too much overhead
Comment from : @techgeek4499

Why so many? Why not just 4 or 5 until you get comfortable with it? 🤷🏽‍♀️
Comment from : @TheBerkeleyBeauty

2 weeks later she did a video sayi g how great it is to own 22 properties Girl stop
Comment from : @MowMajors

The primary issue is regulatory maintenance tasks brIt’s 80 of the properties managementbrTake care of that & you’ll prosper fast
Comment from : @MAG320