Posted by GL - ON on July 20, 2003 at 16:37:49:
What do you mean they cash flow very well but the price is high? Do you mean you can buy similar properties cheaper and they will cash flow even better?
In that case buy the cheaper properties that cash flow better.
Or do you mean they are the Boardwalk and Park Place of your local Monopoly board and therefore the price and rent are both high?
In my opinion you can’t go wrong buying pos cash flow. The boom never ends until prices get so inflated properties go into negative cash flow.
As long as the local economy is not sinking to a 3d world level.