All Forum Posts by: Amanda Feack
Amanda Feack has started 1 posts and replied 2 times.
Post: Unique situation - negative cash flow OK?
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Quote from @Kyle Joseph:
Amanda - Is there any reason that you are focused it being a single family rental? Would a small multifamily cashflow and be a better option for you?
Post: Unique situation - negative cash flow OK?
- Posts 2
- Votes 0
Hi All,
I have a unique situation - I bought a house all cash in 2021 in Omaha and rent it long term making all cash flow (minus taxes/insurance). I also rented my primary residence in Denver and have $800/mo cash flow on it. I moved to Omaha, and want to get into another long term, single family rental. With these rates, I will likely be negative cash flow or break even if I am LUCKY on a single family. I'm 37, and hoping to get into these houses for long term equity gains and eventual cash flow on new purchases. Should I take the risk and buy a house with a negative cash flow since I have so much liquidity from my other 2 rentals? If rates drop, the house could cash flow easily.
Thanks in advance!