New Investor - building equity

[Isa Carrasco]

Hi Everyone, I hope your week is off to a nice start! 

I am seeking some advice as I purchase my first investment property. I am most interested in a rental strategy within my local area (Houston/Dallas/Austin); however, prices are incredibly high and cash-flowing opportunities are hard to come by. Is it better to pay a few hundred dollars out of pocket each month for the sake of building equity? Or would you advise to seek out other strategies or out-of-state markets? 

[Joe Villeneuve]

NO.  Do the math....ALL the math, and you'll see why.  NEVER buy negative CF.