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Originally Posted by tungsten
you have cash to invest? otherwise if you get another mortgage, you will be paying high percentages..
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Doesn't matter if he still builds cash flow from it, sometimes it's better to have less cash in the property at higher interest rates because your return on investment is still much better.
Like they said above, look for smaller towns that are still growing.
Make sure that rent covers expenses + mortgage and that you have at least a 10% extra as cash flow and buffer.
Project in time the increase of property value, taxes, rent and costs to have a better picture too.