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Updated almost 6 years ago on . Most recent reply

User Stats

126
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Ron Todd
  • Rental Property Investor
  • Oklahoma
114
Votes |
126
Posts

Buying investment for cash flow with low chance of appreciation

Ron Todd
  • Rental Property Investor
  • Oklahoma
Posted

My go-to turnkey company sent me an interesting offer last night. A 55k house cash flowing just over $200/month in a rougher area of town. The realtor doesn't expect there to be much appreciation as all the revitalization is going on in a different part of town. I can't force much equity into the propt since it's turn key and most things have already been done. Would you buy based off the high cap rate and solid cash flow knowing you won't gain much appreciation?

Most Popular Reply

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4,908
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
13,015
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4,908
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

Rule #1 - Don't buy $50k homes in bad locations with no value add and 3rd party management.

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