Quote from @Mahdi Mike:
Quote from @Matt Solis:
Most deals on the MLS that don't need work and are rent ready are gonna break even at best. That's just the reality of the DFW market right now. You either need to get creative with how you are going to rent the property (rent by the room, short or mid term rental), or you need to buy something that needs work at a discount, then add value to the property and increase rents.
what I don't understand is what is it too bad if for one or couple of years I have a negative cashflow.
It will be positive in few years and I will end up a property that paid by rent.
Am I missing something here?
A lot of people have that mindset and don’t mind having negative cashflow for a couple of years. If you have enough income coming in, cashflow is not a big deal to you, and you’re really just parking your money in the asset for the appreciation.
For other investors, they really can't afford to drop large sums of money for an appreciation play, and will seek out the opportunities with a better CoC return.
