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Alan Zee
  • Rental Property Investor
  • Dallas, TX
65
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126
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What is going on with this market?

Alan Zee
  • Rental Property Investor
  • Dallas, TX
Posted Apr 29 2019, 13:54

I am not sure what to make of this real estate market in 2019. The prices are out of control for lousy multi families. These properties don’t cash flow unless you buy with 50% deposit.

With 30% down, you’re just breaking even. I’m talking C&D properties in C&D areas.

In Cincinnati where I invest, a 4plex a year ago was listed for $35k- 40k door. Now they are listed for $50k plus/door. Rents remain the same.

In NJ where I’m also looking. Prices are 20-30% higher than a year ago. The lack of supply are causing owners to ask sky high prices for fixer uppers.

This trend has continued for the last few years but the last 12-18 months it seems really out of control.

Im interested to hear the opinion of other investors here on the current market? It seems everyone is chasing “ doors” without calculating the numbers in my opinion.

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