Updated almost 12 years ago on . Most recent reply
Finding properties that cash flow
Hey guys,
I'm currently searching for a multi-family as my first purchase. I plan to live in one of the units and rent out the remaining units. This would effectively lower my expenses from my current situation and allow me to start saving for more investments (and a primary residence for myself).
At the beginning of this week I had an offer in on a duplex that I really liked. When my offer wasn't accepted I came here for help. Good thing I did - you guys talked me off the ledge, because it would have had a negative cash flow. Thanks guys :) The 50% rule was an eye opener.
ANYWAY, my search has continued and every property I find works out to be a negative cash flow for me. They would all be negative even IF I had 20% to put down.
What is the best way to find properties that WILL have a positive cash flow?
Most Popular Reply
View it like fishing. If you aren't getting any bites, move your boat to a different part of the lake.
Some people have gone so far as to to move to a different lake altogether!