Hey everyone,
Thanks for the input, and it’s interesting to see people’s different opinions and insights into some strategies, but really, why would you buy property now? Aren’t Real Property prices the thing we need to be looking at now, and trying to study in the future? — By the way, if anyone knows a good site to be able to get these graphs for free(real property prices, not just median prices for each Cap.city, etc), plz let me know! — Why would we buy now, when the only way we can go is down? Now, I agree with Georgisj – property isn’s usually a short-term investment, but to lower your risk, you would want to buy in a market where you know that you would at least be able to cover costs (or close to it) e.g a trough in the property cycle. Plz let me know if anyone can think of why knowledgable investors such as most members on this site would purchase property in such a market. There must be a way to make money at this time in the cycle, because I’m sure successful property investors don’t just buy regardless of market conditions (cycle), yet I’m also sure they don’t just sit around & wait & have a break for a few years. Now I know successful investors (big shot… I’m talking the big league of Residential IP’s) wouldn’t just sit there & do nothing, or take their focus of Res.IP’s, and they would be out there finding those deals that exist in any market, but how do they do it?!
Anyone who’s been to one of Steve’s seminars may be able to help… plz?! I know they’re expensive & you probably don’t want to offload your techniques to other investors, however I would really like to know what/how other people think about this situation/problem.
It’s all about learning from each other!
Lil’ help?!
Thanks,
holdencommodore