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Updated over 6 years ago on . Most recent reply
Noob with analysis paralysis.... help.
I'm new to the whole shebang. I'm been reading and learning about real estate from the bigger pockets crew for almost 9 months, but I have yet to pull the trigger. My travels on the real estate highway have landed me in Oklahoma. I'm currently looking at a couple addresses at 909 General Senter Dr in Midwestern City and another 1100 Hawthorne Drive. I've run the numbers that Brandon Turner goes through in his youtube video "Calculating Numbers on a Rental Property [Using The Four Square Method]". After all is said and done Cash Flow is in the negative. I've looked at other deals in my local market and its's even worse. I'm not sure what I'm doing wrong, but I could use some guidance. What do you recommend? Have you invested outside of your market? Whats the key to making it in this industry?
Most Popular Reply
You're not doing anything wrong by getting negative cash flow numbers. You WOULD be doing something wrong if you invested where you had negative cash flow numbers.
You're not doing anything wrong when you find only bad investments where you live. You WOULD be doing something wrong if you invested in your area, just because it's close to home.
Analyze markets, until you find a market that works, then invest there.