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Updated 7 months ago on . Most recent reply
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Looking for best first property to start out.
I have been looking up a lot of properties in Northern Salt Lake County and Southern Davis County for a good move in and rent out other property and also a trailer to pay cash for to save money for down payment on a second place and etc. They all generally seem to be negative cash flow about 99% of the time. Does anyone have any good ideas on what would be the best way to start out in this area without going into the negatives? I appreciate all ideas and help.
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- Real Estate Broker
- Cody, WY
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Quote from @Michael Soukup:
Cash flow is a math equation. What used to work in 2018 doesn't work today because the purchase price and mortgage rates have changed significantly.
Continue learning and watching the market. You'll have to find new ways to invest. You may need to focus on long-term wealth building instead of short-term cash flow.
- Nathan Gesner
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