Wondering if this is very high or just normal for property in decent but not ultra luxurious area. Midwest has great returns but not interested in property mansger right now.
It’s very common, circa 1975
Tell me when you find one
Are you talking about renting out
Slightly lower than average but fine.
Show me even 1 cash flow positive property with 20% down. These cities are appreciation game, not cash flow
Buy low, sell high and enjoy the benefits of tax credits
All of my properties are cash flow positive and the most recent is a sfh purchased in seattle earlier this year. Call it a black swan if you want but for me real estate is only about cash flow, I never want to sell.
You need at least 25% down for conventional financing investment property, Rate will be slightly higher as well
25% at 30 yr. Rates are 4% or lower now.
Even the most affordable condo generates a negative cashflow. As mentioned above, Bay area is an appreciation game but has hit the brakes for now.
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