Would you buy for future cash flow vs current?
I found an off market deal that is just slightly below the market rate, so I wouldn’t walk in with much equity. Both units are currently rented out, and at the current rents, the property would have positive cash flow, but minimal.
However, the current rents are around $300 each for a duplex, so $600/month below market rent rate for the area.
My question is - would you buy a property that off the bat would have low cash flow, but once rents were where they should be would have great cash flow?