Been searching for an investment property for some time, but given the high interest rates I haven't made moves on anything. Located in NYC but looking at the surrounding states. Am I modeling it too tightly to not have positive cashflow on nearly any properties or are others in the same boat?

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What are some of your assumptions where you think you are being too conservative?

rents are quite a toss up, if not mentioned in the description. I'll review the average rent around the area and go a bit below that to be conservative

rates are just whatever the market is/defaulted to on Zillow/redfin etc.

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Nothing pencil in this environment unless your investment property is a random/remote town in the Midwest.

Are you looking at properties that are turn key? Or properties that need some repairs?

Are you looking at retail properties? Or talking to wholesalers / brokers / outreaching to lists of possible tired landlords?

Yeah, turnkey stuff on the MLS won’t pencil out. Gotta look for value add or off market.

I agree with connecting with other investors.

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