Real Estate Broker · Oakland, CA · Member since 2015 · 6 posts · 1 vote
Hi all, I am familiarizing myself with at the Lincoln market and wondering whether any local investors can shed some perspective on overall property values relative to rents in the area. Are you generally seeing cash flow positive deals from day 1? I'd be interested to hear any insight that cash flow investors can share about Lincoln. Thanks in advance!
there's no such thing as a "Day 1" positive cash flow deal in any market right now. when you buy a property you'll have closing costs, a down payment, rent-ready costs, costs to get set up with a PM, a commission to place a tenant... maybe some light repairs after the tenant moves in...
so your first few years are typically stabilization, and you investing into the property. think about how long it will take to recoup all the costs i just mentioned.
if you want day 1 cash flow... open a savings account.