Low cash flow, but easy to buy.. Advice wanted
Hi BP,
It's been a while since I last posted, so I'm trying to be more active. I have a question that relates to a situation I could be finding myself in very soon..
I am 24yrs old (as of tomorrow) and my wife and I currently own 2 rental properties. We anxiously would like to expand as quick as we can handle!
So my question is, if u were in my situation, would you buy investment properties for 0% down through owner financing, assuming you would only cash flow 100-150/door. I generally would like to buy properties that cash flow a little more, but the deal is hard to beat.. I would be buying these from a family friend/agent that we know very well, so the properties would likely be at FMV, and with 0% down, the monthly payments would cut into cash flow a bit..
Thoughts?
Joe