All Forum Posts by: Zachary T.

@Ali Boone was just to gain knowledge for deals in the future! But yeah I believe it’s in a growth area but I’m not entirely sure if he plans to live in it or in the future get positive cash flow 

So could work out, but probably not best to get into a negative cash flow deal, which makes sense, thank you! 

Very new to all of this, but has helped, thanks for your replies! 

Yeah that makes sense. It’s my friends rental investment, I asked him for advice and what he did. House was 430k 2 years ago done a bit of work to it and he said it he has to pay $300 a month to cover everything, I’ve recently read ‘Rich dad poor dad’ and he said liabilities take money out of your pocket so I was unsure if it was bad that it was taking that much out 

Is it considered bad if the rental income doesn’t cover the expenses? For example paying a certain amount of money per month out of pocket to cover expenses. Or does it not matter because of the appreciation of the house?