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Updated about 4 years ago on . Most recent reply

User Stats

50
Posts
27
Votes
Lance Jorgenson
  • Investor
  • 84123
27
Votes |
50
Posts

Asset increase or Cash flow

Lance Jorgenson
  • Investor
  • 84123
Posted

So as I have started to invest in real estate in the beginning I was so worried about making sure that it was making a really good cash flow. But now I am more interested into building up Assets and expanding my portfolio and increasing their value so I can build up net worth.  The appreciation on my recent 3 plex I held for 2 years made me way more then I ever was hoping to make on cash flow.  I know that my ultimate goal needs to be is build up until I can secure a large property to Cash Flow and be truly wealthy.  I am blessed that I have a great W-2 job that makes more then I need to cover my life style. 

Where are you focusing on right now? 

What are you looking to accomplish? 

Most Popular Reply

User Stats

50
Posts
27
Votes
Lance Jorgenson
  • Investor
  • 84123
27
Votes |
50
Posts
Lance Jorgenson
  • Investor
  • 84123
Replied

@Joe Villeneuve great point. So on my 3 plex property I purchased it 2 years ago for $345,000 with $90,000k down. After all expense (Repairs, Loan, Property management, etc....)  I was able to cash flow $1800 a year. push got $3,000 in tax savings each year. I just sold it for $450,000 with a cash out of $168,000.00 after all fees. Which I put into purchasing with partners an property with 29 units.  I'm not to sure what it is called but the increase in value on my Asset made me way more in the CF.  It gets me excited to see my net worth increasing.  

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