First Time Buyer in Austin/Round Rock

[Pat Brown]

Houses here are going in 2 to 3 days so I have to make a decision fast
Looking at a 207k house that would only yield a $150 a month positive cash
flow. But houses are appreciating fast here at a rate of 10 or more a year.
Should I jump in a possibly have a negative cash flow?

[Jennifer Beadles]

@Pat Brown don't do it. If you are in a negative cash flow situation and the market takes a turn it would be a very bad situation. Consider looking at multi family properties in your area, and if you still cannot find properties that provide sufficient cash flow then look elsewhere.