Updated almost 10 years ago on . Most recent reply
picking a good property
I am very new to real estate investing. I have stumbled into a couple of rental properties that I pad cash for and would just deposit the rent checks every month without thinking about if I was making enough, charging too much etc. I have taking some of the money out of these properties to buy my next one. I have since learned the meaning of cash flow. I am negative cash flow about 50 bucks on one property and breaking even with a $0 being made on the other. This has opened my eyes to how difficult it is to find a good deal. I have spent weeks researching properties but find have become paralyzed by the thought of pulling the trigger and buying the wrong one. Is there any advice someone who has been in my similar position can share with me???