I just realized something else, after reading a lot of the political and financial posts and articles, mark these words. Real estate investors will become the new “smokers.” Politicians will crucify them with new taxes and regulations, lenders will avoid them, foreign investors will put them into a new category and the public will give them no pity or support. All of the presidential candidates from either party end their speaches with the caveat in essence saying f&#k the investors. Not the wall street investor mind you but the little guy buying a rental property or two. I’d be wary of entering that endeavor right now, there’s a mob forming and the most likely scapegoat is the small time R/E investor. All that’s left is for Angelina Jolie or Tim Robbins to start making public statements against flippers and landlords, it’s gonna happen and when it does, that will be your cue to buy some rentals. As soon as someone yells “fire” and everyone runs from the building it will be time to run in, not a second before.
