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Sep 18, 2024
4:23
:56
pm
johnnybyu
All-American
Agree in bad investment, where are you seeing 10-15% cash flow right now. If an
area projects that it would likely be depressed and come with significant repair or rent loss risks and very little likely appreciation
This message has been modified
Originally posted on Sep 18, 2024 at 4:23:56pm
Message modified by johnnybyu on Sep 18, 2024 at 4:25:31pm
Message modified by johnnybyu on Sep 18, 2024 at 4:26:35pm
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johnnybyu
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johnnybyu
Joined
Jun 6, 2002
Last login
Nov 9, 2024
Total posts
15,890 (1 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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