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From: Anonymous
Newbie question for those who purchase positive cashflow properties:
I notice a number of people (e.g. Peter Spann) recommend purchasing median priced properties for a number of reasons. From the (pretty limited) looking I've been doing though, you need to go well below median price in order to get positive cashflow from day 1.
Am I correct, or is it possible to find median priced *and* positive cashflow properties? Is median priced property still preferable for those seeking positive cashflow?
Thanks.
Newbie question for those who purchase positive cashflow properties:
I notice a number of people (e.g. Peter Spann) recommend purchasing median priced properties for a number of reasons. From the (pretty limited) looking I've been doing though, you need to go well below median price in order to get positive cashflow from day 1.
Am I correct, or is it possible to find median priced *and* positive cashflow properties? Is median priced property still preferable for those seeking positive cashflow?
Thanks.
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