Cash flow vs Appreciation

[Bugsy Sigel]

Happy Monday! I’m still a newbie in real estate investing, I would like to know what the senior Real Estate investors think about this. When it comes to investing, do you go for cash flow over appreciation or appreciation over cash flow? Example,

a) cheap location, great cash flow, ok appreciation 

b) little expensive location, ok cash flow and good appreciation

[Scott E.]

Everybody is going to have a different answer here. It comes down to risk tolerance, your short term financial goals, and your long term financial goals.

Maybe I have an old school mentality but my top priority is still always 'location, location, location'

Meaning I don't want to own any real estate in a bad or "cheap" location. I want to own real estate in areas that are clean, being improved by myself and other investors, where there are not a lot of negative external factors, and where the demand is higher than the supply.