Updated over 9 years ago on . Most recent reply
Market value vs cashflow
Which is more important for an investment in your opinion in regards to buy and hold, getting a deal with a lot of cashflow or getting a deal under market value for a lot of instant equity? for example a deal has come up with a lot of potential cashflow about 900 a month after mortgage (less after repairs ect) but the owner is asking far above what i think the property is worth (it was appraised a few years back at 161000 and hes asking 229000) I think i can get it for 170-180. I'm curious as to what people think about this scenario and this topic in general.
Most Popular Reply
What would be your exit strategy should you not be able to rent the home? I think you should have an least one alternative exit strategy regardless of what you plan to do with the property.