Updated over 7 years ago on . Most recent reply
What is a good deal to you?
I have known a guy who would buy SFR and hold them for few years then sell them for profit. And did really well.
So he would tell me that no matter what market is doing find a good deal and get it. He never really specified what was a good deal...
What is a good deal to you ?
For me, I guess, if a house is 50K and brings a rent of 1k per month, that is an excellent deal! If a house is 100K and brings in 1K in rent but all the mortgage, taxes are covered, it is an ok deal. If I lose money than its a worse deal, not necessarily a bad deal in the case if I am hoping to sell it later when it gets equity or market goes up.
What about you?
Most Popular Reply
#5 All Forums Contributor
- Plymouth, MI
Why are you going into REI? Your answer can be found there. The answer should be financially based...and, should be based on YOUR financial situation...not anyone else's.
A good deal for you, for others reading this, or for me, are all different. Whatever those answers are, those numbers (with $$$ in front of it), says what their good deal is. Nothing else.