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All Forum Posts by: Alex Howard

Alex Howard has started 9 posts and replied 22 times.

Post: Rental property purchase

Alex HowardPosted
  • Posts 22
  • Votes 10

Not very experienced here, but that isn't the way you should be looking at things. IF is a very dangerous statement. What about the time where the unit might be vacant? What if a pipe bursts? An amount of cash flow every month needs to be allocated towards a new roof in 10 years, a new stove in 5, new fridge in 5, etc.... So even if you think you are cash flowing every month, you are likely in the red. 

Like Paul stated a good PM would go a long way, but I would say most people who even grew up in Cincinnati don't even know the less desirable areas very well. The closer you get to Clifton on your google maps, the more likely a student is to rent it.