I bought a house in 1985 as a rental, real good price, my payements were 300 and the rent I received now is 825.
I made my living in San Diego selling VA repos to investors that wanted rental real estate in 1998. In 2001 I couln’t look someone in the eye and tell them it was a good time to buy real estate.
In order to invest in real estate sucessfully, you need to be able to purchase the place for 100 times the monthly rent. That isn’t going to happen around here real quick.
The question you have to ask yourself, why would anyone buy real estate to rent at a negative cash flow?
Of the answers I can think of, common sense is not one of them.
