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Watch this before buying a renal - the property investor you don't want to be
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Watch this before buying a renal - the property investor you don't want to be
Book a free chat here
Ross Barnett - Property Accountant -
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Originally posted by fuzzlevalve View PostRosco I don't understand one thing. You say no cash flow no good but when property increase in value so fast does it really matter about cash flow?
Also if you buy negative cashflow properties, generally you have issues with servicing and getting more loans (more properties). I have just recently seen two or three posts like this on forums. This is an issue for them, even though property has jumped in value over the last few years.
Bad cashflow can be OK if you have a plan to change it within say 5 years. Twist, inheritance, paying down large debt etc
RossBook a free chat here
Ross Barnett - Property Accountant
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