Quote: (11-23-2015 10:36 AM)samsamsam Wrote:
Real estate is not as easy as some people make it seem. Repairs, vacancies, evictions will all take a toll. If can work but the people I know who made it work had to ride out some tough periods. And real estate is not easy to resell. It is a stock where you put in a market order and it gets sold. So many variables and you have no idea what the market will be like when you think you might sell. If you think you know the future that should be the first red flag and you shouldn't buy the house. Plenty of deals fall out at the end because the buyer couldn't qualify for a mortgage. Appraisal doesn't hit the number, etc.
That's why I'm focusing on desirable houses with minimal maintenance, in attractive neighborhoods, close to big businesses. They are fast selling houses that I could likely sell quickly, or rent out to business professionals that get transferred to a job site in the local area. Of course, we can't predict the future, but for now it does look like houses are appreciating.