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All Forum Posts by: Nicholas Dennis

Nicholas Dennis has started 2 posts and replied 12 times.

Post: How to buy in an inflated market?

Nicholas DennisPosted
  • Contractor
  • Prescott, AZ
  • Posts 12
  • Votes 5
@Omar Khan Thank you this was helpful!

Post: How to buy in an inflated market?

Nicholas DennisPosted
  • Contractor
  • Prescott, AZ
  • Posts 12
  • Votes 5
Hello, I am brand new to real estate investing. I’m looking to find a deal in Prescott AZ and surrounding areas. Our market is heavily inflated and properties are going for rates as high as $350 a sq ft, however rental properties are not reflecting that inflation. How do I find a good deal in a market like this and still be able to make the 1% rental margin? Is it ok to not make that margin? Should I wait for the market to level out? Also because of California’s unaffordable housing, people a flooding to our small town and developers and starting massive housing projects all over. Will that eventually cause the market to go down? Thanks!