Need help! Cash Flow is negative everywhere 8% Mortgage rate.

[Mary L.]

With an 8% mortgage rate, there is no way to have positive / break even cash flow buying a market price property on MLS today.

I picked a house in the MLS today.

$460k asking price (non-expensive market price) on a SFR.

Say we got it for $450k after negotiation.

$2000 monthly rent,

with 25 % down, 8% rate, mortgage include property tax, HOA, insurance is $2900 monthly before I even count the vacancy, repairs, management fees etc.

This is a -$900 monthly negative cash flow.

Unless paying cash, after all the cash investor dried up, using 25% down payment, how do a typical mom and pop landlord buy a new property?

What strategy can we use to survive in this new market?

How do landlords stay profitable or break even cash flow in this high rate market?

Thanks!

[Chris Seveney]

@Mary L.

But off market or don’t buy at all. Now is not a great time to buy real estate. Can deals be found - yes, but I would not waste time looking on the mls for deals