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Updated almost 16 years ago on . Most recent reply

Alex K.'s profile image
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Alex K.
  • from Delaware
  • Member since Feb 16, 2009
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Alex K.'s profile image
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Alex K.
  • from Delaware
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Alex K.
  • Delaware
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General Real Estate Investing

Does a high foreclosure rate equal great rental market??

Alex K.
  • Delaware
Posted

Just wondering what the thoughts are on this? If areas have a high foreclosure rate, is there a high demand for rental properties as people still need a place to live?

A friend of mine was telling me he knows someone who just bought a property is Las Vegas, and the agent had 3-4 renters lined up for him. After 80% down, he will be 100-200$ cash flow positive.

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Timothy W.
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Timothy W.#3 Off Topic Contributor
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Timothy W.#3 Off Topic Contributor
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No. Foreclosure rates help you get property at the right price, but you need a market that has anchors to keep people there and enough of them employed.

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