Crazy Real Estate Market?!
Hello Bigger Pockets Family
We have been purchasing long term rentals for a while. In the last year or so in our state of North Carolina prices have soared.
My question, I know this may sound like a rerun, are any of you long term rental landlords still purchasing properties with less cashflow? If so, what are some things you are considering when looking at properties now? We have put more money down on some of our recent purchases, but of course that reduced cash on hand. Our cashflow is better, but our Cash on Cash return takes a hit.
In our area, we have noticed a huge up tick in property prices without a significant change in rents. Are any of you finding ways to push rents upward?
Just curious 🤔.
By the way, I am also interested in what any of our flippers and wholesalers think. I know you are also on the grind and probably as tuned into this market as we are.
I look forward to any comments.