Hello,
I am new so I dont know all the ropes. I just have something I would like to discuss. I purchased my investment properties about 2-3 years ago. I am in Richmond Va. My properties that I purchased make a cash flow and have some equity. I find it hard to do in todays market. I can not find houses that I can pay for and make cash flow. Houses are staying on the market for up to a year and people are not getting what the houses appraised for a year ago. So...I understand that it is a buyers market, however, I dont understand how to make the cashflow and how to tell what the house is worth. Even if you pay 75% of the house price today, who is to know if the market will continue to drop? How do you make a cash flow in this market? Everyone seems to have their mortgage leveraged and no equity. Am I missing something?
I am new so I dont know all the ropes. I just have something I would like to discuss. I purchased my investment properties about 2-3 years ago. I am in Richmond Va. My properties that I purchased make a cash flow and have some equity. I find it hard to do in todays market. I can not find houses that I can pay for and make cash flow. Houses are staying on the market for up to a year and people are not getting what the houses appraised for a year ago. So...I understand that it is a buyers market, however, I dont understand how to make the cashflow and how to tell what the house is worth. Even if you pay 75% of the house price today, who is to know if the market will continue to drop? How do you make a cash flow in this market? Everyone seems to have their mortgage leveraged and no equity. Am I missing something?
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