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Updated over 7 years ago,
Did I misinterpret an agent?
I had a lengthy discussion with an agent/investor/property manager. I'm trying to get my foot in the door and I met her at a SCORE session as she was the main speaker.
From what I've read here (and what I want) is cash flow not bank on appreciation.
I live in the very volatile market of South Florida. She said I shouldn't look for cash flow just have the tenants be paying my mortgage to build equity.
I was a little surprised by that as the rents here now would not even cover the mortgage as it's expensive again in South Florida.
Am I misinterpreting her?
Thanks