All Forum Posts by: Matt Sosa
Matt Sosa has started 1 posts and replied 12 times.
Post: Delaying Investment Until Next Economic Downturn

- Rental Property Investor
- Las Vegas, NV
- Posts 15
- Votes 11
@Bryan Lynch Huntsville. 70 for the single family and in contract for 124 for a duplex.
Post: Delaying Investment Until Next Economic Downturn

- Rental Property Investor
- Las Vegas, NV
- Posts 15
- Votes 11
@Pope Lake I'm still very much a newbie, but am currently in Alabama. For what it's worth, when I purchased my properties they showed very mild changes based on market swings for as far back as I could dig. Especially when compared to Vegas, where my primary residence has seen a 60+% increase in the five years I've had it (granted we got hit hard in the bubble and took a long time to recover, so I got lucky with timing).
I'm aiming for buy and hold too, so I try to get terms steady (30 year fixed), and as long as the income numbers cover the expenses (with some extra margin of safety of course), I don't see a problem. At the end of the day, if I can make a 10% return and get in now, that's a lot safer of a bet than a potential 15% return with waiting for the next year. Even if everything bursts and the prices drop by 50% tomorrow, I'm still making positive cash flow, so don't really care.