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Updated over 9 years ago,
To Buy or Not Buy? That is the Question
I found a nice 5 unit property that is cash flowing negative with 1 unit vacant. Pros: Place to live, great neighborhood, good schools if you have kids, close to hospitals, property potential for profit, new roof, 3/5 units renovated, under market rent, tax benefits, and possibly best use of my money.
If the units were rented on market level, it would cash flow positively, especially if
I decreased expenses like installing energy efficient toilets and light bulbs in common areas.
So I ask you BP Nation, should I buy or keep searching?