Are LTR's still cash flowing?
Hi BP!
I have been reading and doing some research and with the housing rates being where they are currently are LTR's still cash flowing? I don't want to house hack into an LTR and then it not cash flow. Any thoughts would be appreciated!
LTR's are still cash flowing in certain markets, it all depends on the ratio of price:rent, which has grown too high in certain areas. STR/MTR's can definitely cash flow more if A) your market supports it B) you can mitigate the risk of vacancy and C) you have the time to be hands on.
Quote from @Jonathan Aversano:
LTR's are still cash flowing in certain markets, it all depends on the ratio of price:rent, which has grown too high in certain areas. STR/MTR's can definitely cash flow more if A) your market supports it B) you can mitigate the risk of vacancy and C) you have the time to be hands on.
Thank you for your feedback!
Well, I can pay all my expenses and have money left over to play with motorcycles. I'm thinking yes.
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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This is an impossible question to answer. It is solely reliant on the deal you find.