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Sep 18, 2024
3:49
:46
pm
NorCal_Coug
All-American
If you can’t cashflow it I wouldn’t do it, but that’s just me.
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NorCal_Coug
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NorCal_Coug
Joined
Mar 17, 2005
Last login
Sep 19, 2024
Total posts
5,094 (267 FO)
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Messages
Author
Time
Should we buy? We have a town home that we rent to BYU students near Brick Oven.
Undefeated
Sep 18, 3:46pm
You had me until your last line, unless I’m misunderstanding you
Warner
Sep 18, 3:49pm
If you can’t cashflow it I wouldn’t do it, but that’s just me.
NorCal_Coug
Sep 18, 3:49pm
Buy an investment and lose $600 per month right away? No dude, not good.
cougar95
Sep 18, 3:51pm
Because you are only looking at one part of the investment. If it continues to appreciate in value, which is has been,
TheLoneCougar
Sep 18, 3:55pm
but if they hold it "till they die" they won't ever realize that benefit.
Cougarclaw
Sep 18, 4:08pm
the OP's heirs get the benefit though... the same way the heirs would benefit if the OP bought stocks today.
HarlemCoug
Sep 18, 4:31pm
Theoretically it would be paid off before they die.
TheLoneCougar
Sep 18, 9:01pm
Only if the Brick Oven is part of the sale.....
WJCougar
Sep 18, 3:52pm
Based on your hope to hold until you die, I wouldn’t buy anything that doesn’t
ChiCityCoug
Sep 18, 3:55pm
You are basically gambling that rents will go up. Unless you are getting a
VenturaCoug
Sep 18, 3:55pm
Agree negative cash flow is soul sucking. Appreciation may work out that it
johnnybyu
Sep 18, 4:05pm
rents arent going up. Already heading down
chismoso
Sep 18, 5:17pm
Can you make any improvements to it where you can raise rents to cover that $600 or at least come close?
TheLoneCougar
Sep 18, 3:57pm
Are rents still going up in the area? How long until Cash flow positive? If rates drop to 5% next year is it positive?
Baron
Sep 18, 4:00pm
As a property owner myself, you'll get nailed with much more than the mortgage
cougarblue
Sep 18, 4:07pm
great point. the $600 loss will be minimum.
Cougarclaw
Sep 18, 4:08pm
You were paying $1,600,000 per month on a mortgage. That must have been some rental.
WDaddy
Sep 18, 4:10pm
Fixed. Nice catch.
cougarblue
Sep 18, 4:11pm
Seems typical of the value of properties owned by CB denizens.
Emmett Fitz-Hume
Sep 18, 4:56pm
When do you predict you’ll achieve positive net cash flow?
Tare
Sep 18, 4:17pm
The top is in when you see people getting investment advice from quora threads
rad dawg
Sep 18, 4:18pm
lol...why in the world? there are rental properties that cash flow. why would
volleyjiver
Sep 18, 4:19pm
Agree in bad investment, where are you seeing 10-15% cash flow right now. If an
johnnybyu
Sep 18, 4:23pm
where are you buying properties that cash flow at that rate? Good tenants?
bdizzle
Sep 18, 4:24pm
They're not in the West. Middle america with a good property manager and good
volleyjiver
Sep 18, 4:38pm
In past Midwest has had projected good numbers but with bad tenant risks and
johnnybyu
Sep 18, 4:51pm
Only if you plan to tear down the wall between a and make a super townhome.
Longseason
Sep 18, 4:21pm
Winter Quarters? I lived there the year after my mission.
russkiejedi
Sep 18, 4:22pm
No for me, too 'spensive and uncertain market
Cougrrrs Roll
Sep 18, 5:02pm
Took my daughter to gymnastics, then came back and got my son, took him to
Undefeated
Sep 18, 5:02pm
I wouldn’t buy a negative cash flow investment right now
Skeptical Optimist
Sep 18, 5:15pm
Out west that’s the only thing there is if you’re only putting down 25% or less.
RdF3
Sep 18, 5:36pm
There is a very high probability that the place will lose over 100k in value
chismoso
Sep 18, 5:16pm
No way.
yapacoug
Sep 18, 9:28pm
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