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re: Considering investing in a single family home in Raleigh (Apex), NC
Posted on 4/27/23 at 2:13 pm to rickgrimes
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.
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.
Posted on 4/28/23 at 1:18 pm to Jag_Warrior
Thanks folks for all the insights. Very helpful.
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