Posted by Kent C on February 20, 2002 at 04:20:12:
Lets not talk about how you are going to buy a structure. Lets assume you get in zero down on a 4 plex. This unit will more than likely run negative thru the year until tax time. Not much negative but very likely SOME. On this 4 plex you may net $50+/unit per month after taxes. Can you afford to bankroll this property up to $3000 before tax time comes? You might get lucky and break even before tax time. But then again maybe not.
Getting in zero down is not the answer.
Are you aware you wont make much from rentals until they are paid off? They are an investment game not cash flow game.
Remodeling, flipping, wholesaling…now those are cash flow games. Know the game you are playing.
Kent C