Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Real Estate Cash Flow Over Appreciation

1 Jun 2026 · 1 min

Watch on YouTube

0:59

Christian Osgood argues that buying properties for appreciation alone, popular advice from 2015-2020, fails because properties that lose money drain cash flow. He emphasizes cash flow as the real metric, then breaks down how mobile and RV park deals differ depending on whether you're syndicating to passive investors or partnering with a small group.

Chapters

I think that the biggest mistake that people make in our industry, and I blame almost exclusively the old school 2015 through 2020 online gurus for this. They pitched everyone on appreciation. Just buy anything. It can even be a little bit negative. Just buy it and hold it. And if you hold it long enough, you'll be rich. And a lot of people couldn't hold it long enough because it loses money. If you buy a deal that loses money and you keep buying them, you just have less income to support the rest. It's a losing strategy. So you said cash flow, which is my favorite word in all of real estate. What does high level the buy box look like for you looking at a mobile or RV park?
I will say it depends on who is involved. So, you know, we have some deals that we syndicate, you know, we get together a group of investors, you know, they're passive and we basically make their money grow for them. Those, you know, it would have to be bigger versus like if it's just like me and a couple partners, then like we could take on smaller deals.