Interesting info for investors looking for rentals

thanks for sharing-I just read that article earlier today too and I was surprised by that statement as well. It makes me wonder, would it be a good idea to buy and hold in those cities cited, or should we avoid them???

Learning and progressing every day,

Valerie

it's all in supply and demand. There's going to be a recovery period. With current inventories and shadow there's a lot of inventory to be absorbed. No one can be 100% certain of what will or want happen. But you should make educated and calculated analysis of markets to assist in determining your investments/strategies. An just a nugget: determining FMV is ONLY a small fraction of the equation. You have to look at the whole picture.

Do your market research along with your complete due diligence. Buy right and be able to hold it out. If your pulling a STRONG cashflow, there's going to be renters and buyers needing buyer assistance programs until the lending industry strengthens. So if you strongly position yourself to be able to meet those needs you can ride the wave. Cashflow until you cashout. Whether 2 yrs or 10 yrs cashflow is cashflow.

It's being in the markets that your total exposure is say $20-40k and market rents are pulling $750-900. (OR whatever your #'s and criteria are, the points still the same)

It's all in knowing your exits before your entrance. with backup to your backup. Make your money when you buy capitalize on it through your exits/strategy. So plan well.

Great post Jack!!

Many blessings,
Jen

Thanks for the article. Very interesting.