Is it still a deal?

[Roland Claudomir]

Looking at where mort rates are currently does it make sense to buy an investment property now seeing that from your calculations you are not expected to have positive cash flow for a few years? To me, I'm also looking at it if rates were half as much as they are now Id have positive cash flow at year one. Should I continue the buy process with the mindset rates will eventually go down?

[Joe Villeneuve]

Quote from @Roland Claudomir:

Looking at where mort rates are currently does it make sense to buy an investment property now seeing that from your calculations you are not expected to have positive cash flow for a few years? To me, I'm also looking at it if rates were half as much as they are now Id have positive cash flow at year one. Should I continue the buy process with the mindset rates will eventually go down?

No.  If you buy a property that doesn't cash flow from the start, you most likely will never CF.  You are not investing, you're speculating.  You're depending on future events, that you can't predict and have no control over,  to fix what's wrong.  Every time you add your cash into a property, that includes all the negative each month from negative CF, you are adding cost to the property.  Profit comes after you recover your cost,...all of it.