From: Robert Kim 
Newsgroups: misc.invest.real-estate
Subject: Re: Property Investing and no money down dilemma
Date: Tue, 3 Aug 2004 12:26:28 -0500

On Tue, 3 Aug 2004, marat wrote:

> "John A. Weeks III"  wrote in message news:<020820041543257515%john@johnweeks.com>...
> > In article , marat
> >  wrote:
> >
> > > The "experts" always say to purchase property with as little cash
> > > downpayment as possible. Now in this day with ridiculously high
> > > prices, how does an investor achive the goal of having rental income
> > > generate positive cash flow with a large mortgage? I am considering
> > > purchasing investment property but do not see how it is possible to
> > > not lose money each month other than laying down a larger downpayment
> > > and have the rental income offset the remainder. How does one generate
> > > positive income with little money down ?
> >
> > There are properties where it just doesn't make sense to buy
> > them as investments.  Prices might be high in your area.  The
> > thing to do is find some area where prices are lower, yet rents
> > still support the investment.  Given the run-up in prices over
> > the past few years, you might have to look pretty hard to find
> > such properties, but they are out there.
> >
> > -john-
>
>
> At least where I am in NY City region, most of the house prices do not
> support rental income generating positive cash flow... The property
> increases have significantly outpaced increases in rent.


I'm guessing this is because of the rent controls in NYC?