Do you invest for Cash Flow or Appreciation?

[Victoria Stokes]

I'm new to the Real Estate Investing world. I haven't made the transition to stepping out and shopping for rentals yet. I'm still reading and educating myself. But I am curious. Do you guys invest for cash flow or appreciation or maybe even a mixture of both?

[Evan Polaski]

@Victoria Stokes  In buy and hold, cash flow is key.  In fix and flips, you are looking for forced appreciation.  

When I look at buy and holds, I want both cash flow and appreciation.  Meaning, I am looking for properties need renovation (although typically not as much as a fix and flip) and I can get more rent when renovations are completed.  This method takes more work, but creates larger returns, and creates more options upon exit.