Cash flow or Appriciation?

[Ryan Tiano]

Currently I am house hacking a duplex in a superb of Nashville, TN. Its working out great and once I move out I should cashflow around $1000/mo. So that's a great start!

I have a fair amount of money set aside for a 2nd investment property and im anxious to pull the trigger. However, the middle TN market is bonkers and I don't see a way to positive cashflow on anything around here. So I'm looking into other markets, notably Indianapolis. I am confident I can get the desired cash on cash return in Indy but perhaps not the incredible appriciation the Nashville market is experiencing.

The smart, conservative, and more fesible option seems to be, focus on cashflow (Indy) . But boy do I wanna roll the dice locally and swing for the fence. Even as I say that...I realize I sound like a degenerate gambler.

I guess I'm looking for feedback from experienced, successful investors. It sure seems like cashflow and patients is the way to go. Am I missing something?

[Joshua Janus]

If your goal is to scale quicker over time, than finding a property and area that favors cash flow over appreciation combined with the BRRRR strategy will return your capital back quicker and allow you to get more units. If you are looking for a more passive experience and have more patience, stick with an area that is appreciation dominant, sit back, and watch your investment grow.