Re: Real Estate people: I want to buy a house, advice?
[ QUOTE ]
Investors are in a tougher boat. But regardless of macro conditions, if you make smart decisions, i.e. buy the few homes that will rent at positive cash flow, you'll probably do fine.
[/ QUOTE ]
In any market it is hard to find properties that you can get a decent cash flow from. Thats because you always have to buy for less than market value in order to make decent cash flow. I've pointed out numerous times on this board that just because a price is lower than it was a year ago, that doesn't mean that its a good deal as an investment. Its possible that in some markets prices will remain flat or decline for several more years. That is neither here not there necessarily. You can likely find as good of deals now as you will be able to in a few years, just maybe not as many.
As a professional RE investor, my opinion is what DesertCat alluded to above: you need to have multiple options for exiting from any property.
|