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Updated over 6 years ago, 04/06/2018
What kind of cash flow on SHF and am I thinking strait?
My market is the Cleveland suburbs. I decided long ago that I want single family homes in B & C class neighborhoods that are sustaining or growing in population.
I come across a lot of investors at my meetings that are encouraging me to invest in Cleveland multifamily homes because the cash flow is so amazing.
As mentioned in previous posts - I have a business that provides me with 6 figures + right and growing - so cash flow is not a problem. I feel like I am approaching real estate different from an investor who relies solely on rental cash flow.
I am okay giving up some cash flow because I am more interested in mortgage pay-down/tax benefits/appreciation.
Am I mentally approaching this wrong? Should cash flow be my main concern? I am afraid of buying a 40K house in Cleveland Heights that is going to be worth 45K in 10 years.
Should my current income change my approach? Would it change yours?