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Updated about 4 years ago,
Should I buy Rental Property that does not cash flow?
Hello everyone, I am looking to get my first rental property that I will be living in.
The property in question is a 3 unit that is completely redone and very nice. I will not be able to cash flow from two other units but my mortgage payment will be around $400-$500 cheaper than what I am currently paying in rent. Is it safe to calculate that as cash flow?
I just want to take the advice I keep hearing on the podcast that no deal is perfect, but this one just seems like a good place to start for me.
Let me know your thoughts!
Thanks,