How to find cash flow positive properties?

[Anuja Agrawal]

I am a first time investor out of state investor . I am looking for cash flow positive single family homes at San Antonio. My husband bought his first investment property in the year 2020. Since then we haven't bought any property. 

I am getting into buying a investment property in San Antonio. My goal is to buy a cash flow positive single family property. With high interest rate and overbidding, its becoming difficult to find a positive cash flow property.

Should I change my strategies? What can be done differently?  

[Aaron Francl]

Hey Anuja! My advice here would be a small mindset shift and switch to thinking in terms “how can I make a property cashflow…” vs. “how can I find?”

Given all the conditions you mentioned, the likelihood of any property just sitting there ready to cashflow positive can be challenging at best.

That being said - making a property cashflow positive can most definitely happen! Improving floor plan, maximizing zoning, adding units, upgrading finishes, etc. all are solid ways to achieve this. If you have the grit to enter the bidding fray and a willingness to get creative with how you operate and upgrade your asset, you’ll be happy with the result.

Best of luck!