If real estate softens, and interest rates rise, and I think both are happening. Where does the Smart Money leave from and go to in real estate? Only a newbie, but my guess would be away from flipping and preconstruction and towards bank owned and foreclosures. I know this is a numbers game but if taking into consideration you dont know how high interest rates will go and how low houses may go which way would a nervous newbie turn? House is paid off worth about $400K no debt but have no retirement and need investment to retire in approx 15 years. Credit score 745
I “buy and hold”. Period.
You just need to keep finding deals, doing the math (to ascertain cashflow), and moving forward.
As real estate softens and interest rates rise, the rental market and the ‘renter base’ tend to expand. It then generates more demand and tightens supply. The rental rates tend to rise…and “buy and hold” investors will be “lickin’ chicken”!
Keith
I do not know if I totally understand you there or not Keith are you calling me a CHICKEN LICKER? LOL
Could not agree more (not with being a chicken licker but with your post!)