Hi Friends. I am going to be purchasing another house this fall. Where I live the real estate market is red hot. Just keeps going up. There is a huge demand of both existing and new construction so the rental market is strong as well which benefits real estate investors. This is Boise/Meridian, Idaho. You can still purchase an upscale single family home for $375 to $400k.
Where do you live? How is the real estate market in your area? Do you invest in real estate? If not, why not?
Where I live in Memphis the rental market is strong but I am currently focused on buying Florida properties. I think there is better long term property appreciation and it seems much easier to rent out properties for above the mortgage payment, especially on the properties priced below 400k
I live in the Seattle area. I do own my own home, with a mortgage. As far as buying rentals, last year I made $80k and I cant even qualify for a rental property because property values are so freaking high. A 3/2 in a middle class neighborhood here is $800k+. I need to do like Louis and start buying out of state!