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All Forum Posts by: Gregory Shelton

Gregory Shelton has started 1 posts and replied 6 times.

Post: investing in a slump market. It's that a sound strategy?

Gregory SheltonPosted
  • Flipper
  • piscataway, NJ
  • Posts 6
  • Votes 1

Great advice, will contacting local realtors today. 

Post: investing in a slump market. It's that a sound strategy?

Gregory SheltonPosted
  • Flipper
  • piscataway, NJ
  • Posts 6
  • Votes 1

@Gregory Shelton

As a matter of fact the areas that I buy I see price cuts anywhere from four thousand eight thousand in the last week.

Post: investing in a slump market. It's that a sound strategy?

Gregory SheltonPosted
  • Flipper
  • piscataway, NJ
  • Posts 6
  • Votes 1

@Aaron K.

What I've been reading says that less available supply created by sellers holding on to properties drives up prices. and no I'm not seeing anything significant yet. I'm located in NJ but buy outside of my high tax state.

Post: investing in a slump market. It's that a sound strategy?

Gregory SheltonPosted
  • Flipper
  • piscataway, NJ
  • Posts 6
  • Votes 1

As I followed the latest real estate reports for the last quarter of 2019 we are officially in a housing slump. I have the opportunity to buy another piece of property (sfr) but Wonder if the slump is to my advantage or will that work against me.

@John Morgan

I agree with you wholeheartedly.

@Charles Ngansop

My question is are they behind or just late every month. If they're late every month but current. Is something I can live with. I have a tenant who is late paying my management company every month, but they do pay every month absolutely. He has been doing that for 4 years. I can live with that. But if they constantly playing catch-up missing payments that's another subject entirely.