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Updated over 1 year ago,
How to Cash Flow With Current Interest Rates
I am brand new to real estate (other than having my own home) but am currently reading The MultiFamily Millionaire and the concept of multifamily intrigues me. I would like my husband and I to invest in a property (likely a duplex) in 2024 and move up from there as the examples show in the book. I was blessed to refinance during the Pandemic and have a 2.6% interest rate. Running #'s just looking at properties in and out of state (I live in Las Vegas), I do not really understand how pure cash flow (even a small amount) is possible given these current loan interest rates unless you find the deal of the century. I am still working through the book so maybe it will enlighten me but just curious about your experience.