Updated over 9 years ago on . Most recent reply
Potential Purchase
Hey All,
New BP member here. I'm looking at a property that negatively cash flows for the first year. The property itself is 200k and can rent for 1700. I'm wondering, is it worth taking a hit in the first year in order to see 10% cocr in year 2 after refinancing with a conventional loan if I can afford it? I'm using the BRRR method so the initial loan is a high interest, hard money loan. Appreciate the help.
Most Popular Reply
@Bryce Travis
Hi Bryce,
Another viable option is to invest with a team that has everything you need already set up. Then you don't need to travel often. Getting buy and holds in this area that cashflow is not easy.