Quote:
Originally Posted by latinasojourn
the true value of residential income property has to be based on market rents.
and if you are paying more than about 100 x current monthly market rent roll you are really rolling the dice, trying to get inflation to bail you out.
you can still make $ in real estate if you buy based on market rent factors.
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Very true.
My business partner has 40+ residential rentals now. He's been doing it like 20 years, and said that this market the most you can get for rents is like $700-750 a month. So you have to make sure that you manage your credit, and purchases to come in below that so you stay in the black.