(Source: The Globe and Mail)
Building a real estate portfolio can mean working toward financial freedom – or it can mean taking risks that will give you more sleepless nights than days on the golf course.
The difference, according to Don Campbell, is cash flow.
“I would never buy a property that didn’t have positive cash flow,” says Mr. Campbell, president of the Real Estate Investment Network. “A lot of people, unsophisticated investors, buy properties as if they were stocks – the only way they’re going to make money is if they rise in value.”
Read the full article, “Why flipping is not investing in real estate” in the Globe and Mail (May 21, 2010).