All Forum Posts by: Will Gleason

Hi all,
I am looking at purchasing a quad in a really nice area of Minneapolis (will never have a problem finding people and rents/property value is always increasing).

Problem is based on the current rents if I moved in and moved someone out I would definitely be losing money ($650-$1200 depending on roommate or not) and the building is 100 years old so there will be general upkeep and expenses. 

Has anyone else negative cash flowed on a property for a period of time before it eventually turned around? I think once I move out I will clear maybe $400-$500 a month profit after increasing rents to the area standard. And property value I imagine will keep going up as well.