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re: How to get into rental property?
Posted on 3/20/23 at 8:48 am to I Love Bama
Posted on 3/20/23 at 8:48 am to I Love Bama
Bama I’ve read your posts sporadically through the years.
I’m assuming you didn’t care about a property appreciating. More so wanted low cost housing (usually in C or D rated neighborhoods) for higher % rents. If this is the case, how did it work out? When you sold them all did many appreciate at all? I’m thinking you sold everything right after covid when prices were crazy high
I’m assuming you didn’t care about a property appreciating. More so wanted low cost housing (usually in C or D rated neighborhoods) for higher % rents. If this is the case, how did it work out? When you sold them all did many appreciate at all? I’m thinking you sold everything right after covid when prices were crazy high
2
Posted on 3/20/23 at 8:52 am to TigerMan327
Yes, I am almost out of the game entirely. I have 4 houses left but I am owner financing 2 of them and one is tied up in a lawsuit.
All my properties saw great appreciation but that was not my strategy. It was just a cherry on top.
I have never cared about appreciation and think it is foolish to rely on that when investing. Property values can go up and down while rental rates stay stable/increase over time.
All my properties saw great appreciation but that was not my strategy. It was just a cherry on top.
I have never cared about appreciation and think it is foolish to rely on that when investing. Property values can go up and down while rental rates stay stable/increase over time.
Posted on 3/20/23 at 1:22 pm to TigerMan327
you buy rentals for CASH FLOW. if you want instant capital then get into flipping. never count on appreciation with rentals. never buy for that.
as the old saying goes from many great RE minds
" it's the cash flow stupid"
as the old saying goes from many great RE minds
" it's the cash flow stupid"
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