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Updated almost 2 years ago on . Most recent reply

Account Closed
3
Votes |
9
Posts

Does negative cash flow make sense for a CA property?

Account Closed
Posted

Should I purchase this CA house hack? Making the monthly payments on my own would be super tough if I couldn’t get the renters in the other 2 rooms (I would be pulling $700 a month out of savings). But being in California, I think the long term gain is worth it.. Right? 
Condo is a 3 bed / 2.5 bath new construction in an up and coming area (land development). 
Any advice is greatly appreciated!

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This is why you should buy not one, but at least two homes in Riverside, CA. Forget about $200 cash flows. In 4th year you would thank me.

This is similar like buying the drop in 2009-2013 era.

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