Now to the bad news: it is REALLY hard to be a 20yo real estate agent and make a living wage, let alone generate cash for a down payment.

The $10,000 yearly maintenance fee is really hurting your cash flow, as it’s eating up all your profits.

.- Do you have 200-250k cash, or is that what you can get with your loan amount?

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

Because cashing out properties now takes 12 months on title, brrrring has gotten a lot slower for me.

Hi BiggerPockets Community,I’m looking for advice on breaking even or generating positive cash flow with my studio condo in Prospect Heights, NYC.

Long term rental numbers are hard to get cash flow with added in reserves for maintenance, cap ex, and vacancy.

So should others dupped into believing they can do cash deals.

Currently cash flows.

Even if you get something in escrow right away, it's still a 30-45 day escrow period before you would get paid, unless you are working with cash Buyers.