Negative Cash Flow Is Cool!

It's the same phone call or email every Friday morning--Another "Seasoned" New York or DC Real Estate Investor with tons of cash is going to drive to Philadelphia and check out some investment properties that fit his criteria. All he needs is a property:
In a Solid neighborhood with a good tenant pool
With Good Systems, Separated Utilities and zero deferred maintenance
Something priced at least 10% below market value
Better than average prospects for appreciation
and of course.....POSITIVE CASH FLOW!
While such properties do actually exist, they rarely pop up in the retail marketplace, and they're rarely still on the market by tomorrow morning when Mr. or Mrs. Boston Bucks shows up for the big shopping spree.
Generally, if we Realtor Dudes happen to stumble upon such a diamond, we call 5 or 6 of our best past clients (the ones with cash) and set up an offer appointment for Friday evening well ahead of Saturday's appointment with Baltimore's next Donald Trump.
Oh well. I feel bad for some of these nice people who waste a Saturday braving the Jersey Turnpike only to have a happy-go-jerky Real Estate Guy like me squash the dream of Tycoondom by showing off the not-so-bad-but-not-so-great reality that is the Philadelphia Real Estate Marketplace.
I do generally show them some viable deals that will yield some nice return with a little work and some patience. But it's only rarely good enough. While most give up and spend the disposable equity line on a new kitchen or funky fresh media room, a few actually take the following advice:
NEGATIVE CASH FLOW CAN BE COOL!
Wha Wha What?
Yep. As you read, there are HUNDREDS of opportunities to buy a Turn-Key, Low Maintenance, Easy To Rent, Property that will appeal to the Hip Young Credit Conscious Trust-Fund Rebel Renter who's just run from Mommy in search of one of Philadelphia's numerous Hip Hoods with a Thrift Shop.
Thousands though?
Really?
For shizzle?
Yep. For Filly Shizzle my fine blog reading friend.
And I won't even make you wade any further through my english101 writing for the list. Here it is.
Right Here!
But be warned, the list is free, with no required login, but this strategy as whole is gonna cost you.
You're going to have to actually "Invest." Probably about $200-$500/month for the next few years untill rental values catch up. Might even take 10 or 15 years for tangible appreciation and the magic cash-flow beans to sprout. But you'll make a nice return. Really. Consider the Math, or visit me at www.phillycityspace.com/rhartman and I'll respond with an example. Untill then, here's that link again: LINK.
Thanks for reading,
Ryan (Hartman)...
Remax City Space
ryanhartman@remax.net