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Updated over 3 years ago on . Most recent reply

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45
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47
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Nathan Yarnell
  • Rental Property Investor
  • Lenexa, KS
47
Votes |
45
Posts

Agent said not to worry about cash flow and consider tax benef

Nathan Yarnell
  • Rental Property Investor
  • Lenexa, KS
Posted

So I recently was sent 2 possible duplexes to purchase from an agent I trust. I ran the numbers using the basis Brandon lined out, and the properties comes out to a negative monthly cash flow by about $175 per property . I told the agent I had to pass, and gave her the reasons why. I got a follow up email that was considerate and agreed with my assessment but also stating that people get to caught up on “monthly cash flow, and should consider the yearly tax benefits.” Being that this would be my first investment, am I being too picky? I’m not looking for a crazy cash flow, $150/$200 a door, I just don’t want to be negative. Thanks for any input!

Most Popular Reply

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13,373
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19,408
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,408
Votes |
13,373
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

Find another agent. Your trust in her is foolish. She might be a great agent for homeowners, but you're not a HO, you're a REI, and the two property qualifiers have NOTHING in common.

Did I mention that you shoud have (already...as soon as she sent you her followup email) "found another agent"...ASAP...yesterday might have been a good time to have found that other agent.

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