buy property for appreciation (dont need extra cashflow rightnow)

[Mandar Kunte]

Hi All BP members, 

I and my wife have good full-time jobs and have some cash on hand. I figured that REI is the best place to grow the money with tax benefits (mortgage interest, property taxes, depreciation). I have heard about cash flow vs appreciation and understand the logic of having some cash flow. But I am leaning towards properties that break even and have high appreciation so that i don't have extra income when I am in a high tax bracket here in California.

I am looking for suggestions on what is the best strategy.

1. get a property locally in A class neighborhood costing around $600,000 to 800,000 and hold long term for appreciation (no cashflow)

2. work with a turnkey provider and let them handle the portfolio

3. work with a real estate agent, property manager and invest out of state and look for cash-flow and appreciation (more work)

[Jeff Gold]

@Patrick Bavaro I’d like to learn more about your Build in Cape Coral. I’ve been researching the area and would like to know more about your experience. 

What’s the best way to connect?

Thanks!