Time to buy up some cheap houses?

[fhmesq44]

gentrification or redevelopment happening?

Honestly, for that price why not? Worst case you go vacant for a year and you have to shell out $600/month to cover your mortgage and taxes. Any time you can cover your nut on a 20 year mortgage at 67% occupancy I would say it has to be done outside of compelling reasons not to do it (i.e., it is a dump, in a horrible neighborhood, too expensive)

 

[ClipJoint]

fhmesq44...can you shoot me an email? clipjoint at yahoo.

You seem to know a lot about real estate and I would love to chat with you sometime when you are available.

 

[fhmesq44]

fhmesq44...can you shoot me an email? clipjoint at yahoo.

You seem to know a lot about real estate and I would love to chat with you sometime when you are available.

done

 

[bigbet1234]

re-read the comment below. VERY TRUE

if someone makes 5-10% (any #/% can be used) annual return with alot of cash outlay and downside price risk, when they could have made equal, or even greater return sitting in cash or something or just about anything else with less time involved, less cash outlay, less risk, in fact that 5-10% return financially speaking should viewed as a terrible investment.