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Updated 12 months ago,
What happens now?
I’m looking to buy my first property, I ran the numbers and the cash flow is roughly $500 a month with both units occupied.. but what happens if I buy the Multi-Fam in todays high priced market and rent prices went down in the next couple of years. What happens then? Do I have to just accept that and now own a property that doesn’t cash flow because the average rent prices went down? This is what is holding me back from buying a property in a high priced market, even though the numbers show I’d cash flow right now. Please help me understand this! Thank you everyone!