Hi there,
Actively searching for my first deal, out of state. I live in an expensive area in Oregon (Central Oregon) and looking to buy my first investment property in San Antonio. I am looking to buy and hold; my main focus is short term rentals (Airbnb). I have been constantly listening to bigger pockets and finally joined as a pro to fully take advantage of all the resources available here. Obviously, been doing a plethora of deal analyses with the calculators; looking for positive COC, cash flow being my goal. I have checked out San Antonio a few times and headed back in 2 weeks to look around more neighborhoods. I did find a realtor, but looking for other contacts there. I would love to find some solid contractors, cleaning services, property manager, etc., to get some quotes and find the right people early.
I have a question that may get laughed at: Is it ever a good idea to buy a rental if the analysis doesn't show positive cash flow at the beginning? I am ready to buy. I know it is a hot market, but the market in San Antonio is significantly lower than where I live, which leaves me with money to spend. If I am finding a great house in a good area with great short term rental potential, but the analysis does not show positive, then it is actually NOT a great house? That black and white? Any and all responses are appreciated. Thanks in advance and nice to meet the awesome people in this community.
