Updated about 12 years ago on . Most recent reply

Minimal Cash Flow - All Equity
I know I'm missing something, but here is my thought for my first SFH investment property. I am going to buy a house for 150,000 that rents at about 1600. My Cash flow will be about 100-200 per month if I finance it on a 10 year term. I feel fine with chalking it up and banking on equity and appreciation for 10 years and then cash flow when I have no loan payments in 10 years. I have had trouble finding many posts about gaining 100% equity as quickly as possible so I just wanted to get a few opinions. I could possibly make the payments on a 7 year term, but it would be tight.