Updated about 1 month ago on . Most recent reply
LTR doesn’t immediately cash flow. What to do?
Ok, beginning investor here.
I have a good stable job, so cash flow is not needed to live on. But the B class duplex properties in my area (Springfield MO) are priced so they don't cash flow before they're paid off.
in other words I have to cover $300-600/month for about 5 years (on a $250K+ properties).
The reason I can pay off in 5 years is I have ability to pay large amounts against principal every month (from my regular job income), but I only have 82K for a down payment.
Once it's paid off, the property would produce almost 1000$ net cash flow.
Are these good numbers or do I need to do things differently?
What is a good strategy in current economic market for B class properties that don't cash flow immediately?