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Updated about 4 years ago on . Most recent reply

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Isa Carrasco
  • Investor
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New Investor - building equity

Isa Carrasco
  • Investor
Posted


Hi Everyone, I hope your week is off to a nice start! 

I am seeking some advice as I purchase my first investment property. I am most interested in a rental strategy within my local area (Houston/Dallas/Austin); however, prices are incredibly high and cash-flowing opportunities are hard to come by. Is it better to pay a few hundred dollars out of pocket each month for the sake of building equity? Or would you advise to seek out other strategies or out-of-state markets? 

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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,495
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

NO.  Do the math....ALL the math, and you'll see why.  NEVER buy negative CF.

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