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All Forum Posts by: Emily Ruiz

Emily Ruiz has started 1 posts and replied 3 times.

Post: Help - Turnkey Property no CF

Emily RuizPosted
  • Posts 3
  • Votes 0

@Jonathan Greene Yes, I mean cash flow when it’s rented in two years. My calculations are based on today’s numbers. Of course rental rates will likely increase by the time we are ready to rent. Also there’s the potential to refinance depending on interest rates.

Post: Help - Turnkey Property no CF

Emily RuizPosted
  • Posts 3
  • Votes 0
Quote from @Taz Zettergren:

@Emily Ruiz in a market like that in TX it is worth the risk in my opinion because those values are going to continue going up at a faster pace than most others over the next 10-15 years. There is a smaller rental pool at the $2,800 a month rent range but typically properties at that price will appreciate faster than others lower in price in the same market. 

Best of luck

 Thank you @Taz Zettergren! I appreciate the response and feedback. 

Post: Help - Turnkey Property no CF

Emily RuizPosted
  • Posts 3
  • Votes 0

We are looking at purchasing a turnkey property near UTSA where it will be our primary residence for two years and then a rental. Is it worth the risk to purchase a property that will not cash flow immediately? We’ve done it with another property we own in CA where we managed it ourselves and eventually it cash flowed. I’m not as familiar with the market here and if it’s too big of a risk. We would have to rent it for 2,800k/month 4b 2.5b. Thoughts?