I was into investment property until about 4 years ago, now all I’ve got are some small commercial props and a little strip mall. I just don’t think that anything now makes economic sense. All my props I’ve had for a long time. There is no way that you can buy something today especially multifamily and make money.
Yeah, you’ll hear from “experts” that say look at he numbers, if you buy for a GRM of 10 with a 5% vacancy factor, etc, etc, etc. Real world, something always comes along to screw up those numbers. Especially if you need a decent cash flow. It only takes a unit to be vacant for one month to really screw things up.
Hate to be a downer, but until investment properties get back to something approaching realworld values, my money is in CDs.
