Appreciation VS. Cash flow – The clash of the titans….

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Took me a long time to realize that in my market, equity is a secondary consideration and is subjective.
I simply buy what I feel are good assets, for a good price and shoot for about $400 per month positive cash flow. I’m 100% leveraged, since my bank loans me 100% of purchase price/closing costs, as well as repair costs. My business expenses are paid from my cash flows.
I’m not the smartest guy in the world when it comes to accounting or even analyzing deals, but my banker keeps writing me checks and has committed to funding several million dollars, and my accountant thinks I am pretty smart, so that’s good enough for me.
I’m not a speculator who is betting on the come. Been there. Done that. Lost money.
If I can’t get huge cash flows, then I ain’t buying. It’s that simple.


Source: www.biggerpockets.com

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HMMM…haven’t heard anymore from “Dan”?…looks like that second post may not be coming.


Source: www.biggerpockets.com

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