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re: Considering investing in a single family home in Raleigh (Apex), NC
Posted on 4/27/23 at 1:55 pm to I Love Bama
Posted on 4/27/23 at 1:55 pm to I Love Bama
I think what I meant to say was I'd be okay with breaking even on the rent and the expenses. I certainly don't want to have a negative cash flow. Positive cash flow would be nice, but I recognize that at the current mortgage rates it may not happen.
Posted on 4/27/23 at 2:13 pm to rickgrimes
I don’t know your projected numbers or if you have a written business plan here. But if you’re targeting breakeven, my guess is the margin of error will take you into negative cashflow at least part of the time. So you’d be laying out $100K in cash plus any negative cashflow to carry the property. Those are some of the negatives. On the positive side, you’ll have certain tax benefits and you *may* get appreciation over time - that makes this more of a speculative play.
I personally don’t invest in real estate if I have to pay to carry it - plus use cash that could be deployed elsewhere (unless it’s land and I have a well defined plan and holding period).
But as I said, that’s a great area. I don’t know how good a deal this is on purchase price, but there definitely should be appreciation in that area. Good luck whichever way you go.![](https://images.tigerdroppings.com/Images/Icons/Iconcheers.gif)
I personally don’t invest in real estate if I have to pay to carry it - plus use cash that could be deployed elsewhere (unless it’s land and I have a well defined plan and holding period).
But as I said, that’s a great area. I don’t know how good a deal this is on purchase price, but there definitely should be appreciation in that area. Good luck whichever way you go.
![](https://images.tigerdroppings.com/Images/Icons/Iconcheers.gif)
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