Updated over 5 years ago on . Most recent reply
Avoid the hot markets all together??
Given that many of the hot markets are so competitive and the prices on turnkey-ish properties have already increased in these areas, such that it is hard to achieve the 1% recommendation.. I started thinking maybe it is best to avoid these areas altogether?
Maybe I should pick a market that isn't mentioned very much on any forums or discussions and just find a quality rental. I'm not really looking to rehab and flip or brrrr too much. I'm mostly looking for safe investments with good tenants and some appreciation + lower risk for depreciation. And less likely to feel significant effects from a recession.
Thoughts? Ideas for a city that fits the criteria?. Or is that just a dream?
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@Damaso Bautista - I agree. I was just having a momentary lapse of judgment due to a little frustration on not getting another deal going yet. There's no reason to avoid or only focus on the hot areas.. it's all about the numbers. So I'll be ready when I find another deal that makes sense.