現金流是一個盈利指標...

as a value RE investor, I think positive cash flow is the most important key.

there really isn't a good or bad time to buy real estate, the only thing it matter is, what is your entry point and what is your exit strategy.

in an up trend market, I only make a move when there is a 30-40% spread, in a down trend market, I need to see at least 50+% discount.

the 3 most frequently used ratio are, debt coverage, CAP rate, and cash on cash.

1. when I look at a property, I always use zero down, NOI/(interest to bank + interest to me)>=1.1

2. CAP, of course, I need to see 10% CAP.

3. CASH on CASH, 15% or more.

NPV, IRR, easy to do on paper, but in reality, hardly can be followed. RE as a small business, has too many unforeseen variables, any unexpected repair can wipe out the whole cash reserve.

所有跟帖： 

• Ding --企鵝-- ♀ (0 bytes) () 03/23/2012 postreply 10:49:28

• 收了2塊錢租金，後來發現房子不值錢了，還欠銀行一屁股債。 -好女婿壞女婿- ♀ (11 bytes) () 03/23/2012 postreply 10:58:49

• 那就是:現金流是一個盈利指標....遇到"刮風下雨"的就爛船還有三斤釘了啊... -MrsKwok- ♀ (0 bytes) () 03/23/2012 postreply 11:05:37

• JY說的比較好懂.折騰房子沒啥大道理的.... -MrsKwok- ♀ (0 bytes) () 03/23/2012 postreply 10:59:47

• 對專業地主肯定是，否則如何run下去?但對非專業地主，就未必，因為隻要賣時是賺錢就可以了，日常的現金流不是 -trimtip- ♂ (258 bytes) () 03/23/2012 postreply 10:59:56

• 或許是專業地主和專業倒房的思維不一樣. -MrsKwok- ♀ (0 bytes) () 03/23/2012 postreply 11:07:50

• 專業地主和專業倒房的必須靠租金得來現金流來維持自己的日常生活，否則如何活下去？非專業地主不靠租金生活，還可以貼損失 -trimtip- ♂ (33 bytes) () 03/23/2012 postreply 11:12:29

• 專業倒房=非專業地主 to me.hahaha... -MrsKwok- ♀ (0 bytes) () 03/23/2012 postreply 11:16:09

• 對!這就是俺的觀點.... -MrsKwok- ♀ (0 bytes) () 03/23/2012 postreply 11:58:58

• 既然老大這麽說了，我也就不解釋了 -萬楓- ♂ (0 bytes) () 03/23/2012 postreply 11:02:58

• Bro, to some extent, I agree with you. -Jy101- ♂ (254 bytes) () 03/23/2012 postreply 12:22:19

• :)) 當然， income over expense is 盈利指標 -萬楓- ♂ (227 bytes) () 03/23/2012 postreply 12:44:10

• Unlike big corps, poor landlords don't have unlimited borrowing -Jy101- ♂ (117 bytes) () 03/23/2012 postreply 12:55:50

• yes, actually NPV, IRR the same thing in your list 1 and 2 -大家幫我買房- ♂ (541 bytes) () 03/23/2012 postreply 11:07:28

• 從單句看，我是支持現金流不是盈利指標，但是萬楓的文章割裂現金流和盈利的關係是不對的。 -大家幫我買房- ♂ (219 bytes) () 03/23/2012 postreply 13:17:44

• 頂！ please explain ("interest to me") -比花花還花- ♂ (104 bytes) () 03/23/2012 postreply 11:11:51

• 自個口袋的錢也是錢啊.俺算這些時也是把自個錢(頭期啥的)都算進去... -MrsKwok- ♀ (0 bytes) () 03/23/2012 postreply 11:15:20

• Opportunity cost. -Jy101- ♂ (95 bytes) () 03/23/2012 postreply 12:24:48

• 老大說得是理 -MLJ- ♀ (0 bytes) () 03/23/2012 postreply 11:22:15

• 還是版主簡單易懂。俺的brain 和你一樣很small. -jessefan- ♀ (61 bytes) () 03/23/2012 postreply 11:25:02

• 還是斑竹的說法比較易懂好用，隻是你定的標準太難實現了。 -小心翼翼的小地主- ♀ (2 bytes) () 03/23/2012 postreply 11:36:42

• CO:說法比較易懂好用，隻是你定的標準太難實現了。 -螺絲螺帽- ♀ (0 bytes) () 03/23/2012 postreply 11:56:48

• 說的好，記下了。 -SunshineInCA- ♀ (0 bytes) () 03/23/2012 postreply 11:58:36

• What is CAP? -猛牛- ♀ (0 bytes) () 03/23/2012 postreply 12:24:23

• 俺隻follow大地主們租金>房價1%標準。 -tiansan- ♀ (174 bytes) () 03/23/2012 postreply 12:45:36

• 老大能否結合一個你的實例來說明一下 -IntoTheWild- ♂ (330 bytes) () 03/23/2012 postreply 20:29:24