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Updated almost 19 years ago on . Most recent reply
What is your monthly cashflow?
I'm just curious what kind of monthly NET cashflow everyone's built up - and where their properties are:
I'll start
Type: City: NET Cashflow:
3 family - Springfield, MA $200
4 family Denver, CO $250
Duplex Colorado Springs $100
TOTAL - $550 NET
What are you guys experiencing?
As always - thanks for all your guys' input - this board has been a great resource for me.
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Not applicable, there is NO MORTGAGE on the property except the one the buyer gives me when he buys. I paid off all of my Houston units in the early '90s, since then everything I've purchased I've paid cash for. Hence my name on this site.
In order for leverages (mortgage) to be effective in building your portfolio, you must be assured of PRICE APPRECIATION in excess of the underlying interest rate. I live in TX where appreciation runs about 2%-3%/year (I had a guy dispute this to me on another site today, but he was citing statistics covering the last THREE YEARS). Taking out a mortgage COSTS EXTRA MONEY, slows down your ability to deal and IMO prevents me from doing deals MY WAY.
BTW, my mortgages do have DOSs in them, and I'm always intimately aware of what's going on with my units.
all cash