Updated over 4 years ago on . Most recent reply
New Investor - building equity
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?
Most Popular Reply
Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
NO. Do the math....ALL the math, and you'll see why. NEVER buy negative CF.