How To Crack $1M - In The Year 2020
Is it just me or everyone playing it safe? Recently I’ve been catch a ton of flack on this forum for suggesting things like:
1) Maximizing leverage while carrying hefty reserves.
2) Buying for appreciation in western markets.
3) Buying properties that barely cash flow (for appreciation) and following each up with a STR to supplement cash flow.
I feel like the general vibe is hesitation. Market uncertainty. Fear. These suggestions are being received as total noob blabbering.
While I’m no expert, I do work for one of the top multifamily developers in Arizona and I have first hand knowledge that developers are NOT playing a scared game right now.
Why is this nontraditional route receiving so much push back?!?