If anyone is tempted to purchase a course or buy a book I would check out this site first. I find his information to be a little on the critical side but he’s educated himself enough with what’s out there to be worth reading before plunking down any $.
When you evaluate investing in real estate and take into account being able to buy on leverage, consistent appreciation over decades, tax benefits and being able to pass on real estate as an inheritance it simply can not be beat. Some people use the income they produce from rental properties as their retirement and are living well! This is a great scenario and anyone can do it. Here’s the point of this blog - some “investors” who have bought a house, improved it and are now trying to sell them are losing their shirts. They are just not able to sell perfectly good homes as well as many of the normal home owners who are trying to sell right now. I know one investor who recently took a $40,000 loss just to get the house off of his books. I feel for them. I know that hindsight is 20-20 but I saw signs this was going to happen to the market back in February. I’m a Realtor and I’m in tune with what’s going on on a national scale. If my opinion had been asked concerning the purchase of the -$40,000 house I would have been able to suggest a buy and hold strategy instead because a shake up was lurking on the horizon but I didn’t know when it would happen. Right now is a great time for buy and hold. I wish I could have saved him $40k. Please take my advice - don’t try and flip properties right now. The risk completely outweighs the potential reward right now.
-BMS