Eliminate debt, establish a budget, and save.

Can you imagine the “cash flow investors” who needed that cash flow when COVID hit?

And, when there is a vacancy, can the remaining units provide enough cash flow to cover all costs?

Hi All, What are the best cities to invest in midterm rentals which will cash flow and appreciating year over year? 

@Tiffani HollisFor a long-term rental, I’d avoid used dishwashers entirely—repair costs and reliability issues often outweigh the savings.

But real estate is not particularly good at cash flow.

To be real - If I didnt have the reserves I would've likely painted and done bare min to get it re rented until I saved up for next vacancy

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

Learning is great and having guidance can expedite and often saves unnecessary heartache. 

I’m closing on my second deal, a duplex that’s going to take about 9-12 months to comeplete (I’m doing the work with some sub contractors but mostly myself) at this point after that is done, I will be out of money, even before it’s finished I’ll have to raise some capital to finish it, but it should cash flow conservatively $600 a month.