It is reasonable to think that, given the economic uncertainty, we should be building up savings and rainy-day funds. However, economic wisdom also tells us that the times of crisis are good times to invest. This was true in the times of every economic recession, because they are always followed by economic booms. Whether you invest or not is the decision that should be made taking into account your projected cash flow. This is especially true for real estate investors, and you should always keep in mind that regardless of the economy, people need a dwelling to live in.
- Just because rental payments exceed your mortgage, it doesn’t mean you are cash flow positive.
- Those who invest for cashflow are largely immune to economic changes.
- People need places to live, so housing investing is better than commercial storefronts or Airbnb.
“If you don’t have enough money for vacancy repairs, cap, ex professional property managers and the occasional oops.”
Kurt has gone from the financial lows of the ’08 financial crisis to personal financial success. He is a professional real estate investor, media buyer, faithful Red Sox Fan.
One of his passions is financial education and the pursuit of financial freedom.
You can learn more about Kurt here, or get a hold of him on Facebook or Twitter.