“Is it possible to buy a property now and get a positive cash flow?”
Answer:
Yes.
Of course, the answer has always been yes…if you put down 40%, 50%, or 100%!
But now you can buy with 20% down (even 10% down on Fannie Mae foreclosures) and get a positive cashflow. It’s even easier to accomplish if you manage the property and make most of the repairs yourself, but that’s not 100% necessary.
It’s also easier to accomplish if you factor in the tax benefits of depreciation, which is available to most people unless they make very high incomes. See your CPA on that one.
We have many properties that would be a positive cashflow. Feel free to call us at (858)457-KENT and we’ll tell you about the latest ones.
