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Updated about 5 years ago on . Most recent reply

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Hani Alomar
  • Investor
  • Irvine, CA
12
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20
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Guys, is the time right to buy a rental property in the Midwest?

Hani Alomar
  • Investor
  • Irvine, CA
Posted

Friends, I've been wanting to buy a rental investment in any of the following states: IL, IN, GA, MI but im getting cold feet. Everyone is telling me to wait for a correction.  Your thoughts please

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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,417
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13,385
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

I bet the names of those people you refer to as "everyone" are all the same..."Chicken Little".  I have found in life, that when you refer to this person(s) named "everyone" as your expert, you end up doing the wrong thing.  "Everyone" doesn't know anything, so why do so many say "everyone knows",...usually when they don't want to do something?

Find a different group of advisors...not named "everyone".

The answer to your  question isn't "yes" or "no".  It rarely ever is.  The answer is, it depends on the specific market you want to invest in.

...and what is this "correction" no speak of?  What is the wrong that needs correcting?

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