Quote:
Originally Posted by SuckOnThis
Worst advice ever. Don't do it because the market might turn? The RE market doesnt crash overnight and even if it did then it turns into a rental. People always need a place to live. And nothing wrong with single family homes. And yes, I've been investing in RE for the past 25 years.
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Yes it can turn overnight. I know many people that lost their ass flipping homes back in 08. Many were borrowing hard money and couldn't sell them. I own over 40 units and have been investing since 2002. I prefer not to touch anything under 3 units. I would never ever buy single family homes as an investment since their value are market dependent and not based on income. I inherited a house and the first thing I did was sell it and move the money into a 8 unit building.
Where do you live that you're buying single family homes as investment properties?