Switching focus from appreciation to cash flow
Hey all,
I have 2 long term rentals in Colorado that I got for appreciation purposes - don’t cash flow much.
Now, I want to focus on cash (rental income, flips, etc.) If you were me, where would you start?
I’ve considered investing out of state in better cash flow markets and looking for small MF or dipping my toes into flipping… Both seem risky and scary to me as I’m still a rookie but I know I need a new strategy for cash.
Appreciate everyone here!!
Sara
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- Real Estate Consultant
- Summerlin, NV
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#1 All Forums Contributor
- Real Estate Consultant
- Summerlin, NV
grass is not always greener.. nothing wrong with owning super stable valuable assets that just pay your mortgage.. the little bit of cash flow you might make wont make up for the risk by swapping your basically risk free stablized assets in one of the strongest markets in the country.
Now flipping is another story but again very risky to do this in an area that is much more than an hour or so from you base.
- Jay Hinrichs
- Podcast Guest on Show #222
