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re: Is Real Estate Investing a smart strategy right now?
Posted on 1/21/15 at 4:11 pm to joeytiger
Posted on 1/21/15 at 4:11 pm to joeytiger
quote:
Yeah, I am finding that inventory is low, and I am putting in 30-40 offers a month right now with the hopes that I get 1 under contract with a price that is under market value in order to turn a nice profit. The garden district is where I am concentrating most of my marketing and research because it is a hot area, but like you said, inventory is very low. I might start looking at older homes in the Ascension area as well to allow a better chance of landing a contract, but it will require more purchasing power to buy in that area.
Ascension wouldnt be a bad place to look. My Realtor friend just bought a flip house in Dutchtonw that he's likely to turn at least a 30k profit.
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