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re: Owning a 2nd rental right next door to another thoughts?
Posted on 8/5/17 at 2:27 pm to baldona
Posted on 8/5/17 at 2:27 pm to baldona
DO YOU WANT CASHFLOW OR APPRECIATION??
me? CASHFLOW> appreciation
I do not buy for appreciation.
hell you just as soon fix it and flip it. No way in hell am I holding a non good cashflow property HOPING for appreciation. say market tanks. If you bought for cashflow guess what? you still cashflowing! if you bought for the other? exactly.
me? CASHFLOW> appreciation
I do not buy for appreciation.
hell you just as soon fix it and flip it. No way in hell am I holding a non good cashflow property HOPING for appreciation. say market tanks. If you bought for cashflow guess what? you still cashflowing! if you bought for the other? exactly.
1
Posted on 8/5/17 at 3:50 pm to Fat Bastard
quote:
DO YOU WANT CASHFLOW OR APPRECIATION??
I would generally agree on cashflow, but I also like to buy properties I can sell if necessary. This is a normal neighborhood type of property, compared to something like a duplex or 4-flex that is ONLY cash flow.
Houses are selling for $110-130 move in ready. The new build that is about 1900 sq feet instead of 1000-1200 like most of the neighborhood is listed for $249. So its kinda in that in between area where its not low enough for a flip and boarder line too high for a good cash flowing rental.
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