All Forum Posts by: Bradley Cupp

Quote from @Bradley Cupp:

Quote from @Nicholas L.:

@Bradley Cupp 

you're probably doing everything right.  on-market properties with conventional financing are not going to cash flow right now.

Should I be trying to break even right now regarding cash flow? I plan to keep the properties long term anyway. 

I recommend that you continue to work toward a deal that cash flows. We have always made that a criteria because it reduces the risk of a financial crunch if things go sideways. Save your capital and keep looking.

Quote from @Bradley Cupp:

Quote from @Nicholas L.:

@Bradley Cupp 

you're probably doing everything right.  on-market properties with conventional financing are not going to cash flow right now.

Should I be trying to break even right now regarding cash flow? I plan to keep the properties long term anyway. 

It is going to be very hard for a new investor to hold on and grow if you start with a negative or break even property unless you have a high paying W2 job or a lot of capital. Rather than buying something retail off the MLS you're better off to either try to find an off market deal or find a different market. Also keep in mind that even if it breaks even today, you have to factor in rising insurance and property taxes. Both of these can be hard to predict but Texans routinely see large property tax increases and many areas of the country are seeing double digit insurance premium increases. EIther of these will eat up cash flow or drive you further negative, quickly. 

@Bradley Cupp 

you're probably doing everything right.  on-market properties with conventional financing are not going to cash flow right now.

@Bradley Cupp 

you're probably doing everything right.  on-market properties with conventional financing are not going to cash flow right now.