Negative cash flow.

Your cash on cash might be negative

Hey Everyone! 
My name is Clarke Gallie, I'm an investment realtor with WinCity in Windsor, ON and wanted to share the recent data received for April 2020
TRANSACTION VOLUME
Market activity (the number of new listi...

Sure, there are plenty of places I wouldn't venture because of crime statistics, but here in the Rust Belt one can't be too choosy if one wants to build their portfolio without a massive (i.e. $5mm or more) bankroll.

We needed to negate the mortgage on the condo for our DTI to qualify for the house we wanted and our lender (from Loudoun) had no issues counting 100% of our rent towards the DTI without any prior land lord experience. 

Typically in San Diego that calculation would result in a significant negative number. 

This is NOT 2008 at all, it's different but that doesn't mean there won't be some negatives in the Vegas market. 

>The reality is that you can typically get about 50-60% of the rent you would need, and the more broken the property the more likely you will end up with the worst possible tenants.I agree most purchases are cash flow negative at purchase but this is less so for multiplexes. 

@Wonderful Togbey - Everyone talks about the the negative macroeconomic trends of the city and it is a legit concern. 

With the negative operating cost of $700, it would cost me $1,586 per month to live in the home.