LOL I am kidding but insurance carriers are pulling out of CA at alarming rates.

Those interest rates are never coming back.

Westchester 2-4 unit properties listed from January - May:2022: 2332023: 177 (Lower inventory likely due to the market adjusting to 6+% interest rates)2024: 274Lastly, since you're looking to acquire something with more favorable #s, you may want to begin your search with the "ugly" deals that have been on the market longer.

Hello,As the title says, I have found some properties that look to work in terms of cashflow and rate of return but I've never actually purchased a property before.

Because I bought them cheap at tax sales I have no mortgages on them.

Despite the Interest rate and Housing Crises, there are many people who are realizing the importance of Cash flow and Passive Income, and with current Interest rates, is it Realistic to seek a Cash Flow Positive rental investment, considering that you have bare minimum equity in the Property?

When justifying the rental income you're supposed to make, they selectively handpicked the condos that rent well in the city (but don't have that issue) and don't show all the similar condos that rent for cheap.

The first thing I would do is start analyzing the rental market that you are looking in to get a feel for comparable rental rates.

But if you would like to take advantage of their rates and terms while at the same time decreasing your tax burden then this post is for you!

If you are 1 BR competing against hotels/motels it will affect your rates.