To buy or not to buy???

[Justin Hutchins]

I can’t decide if I should buy another rental right now.... Is anyone having a problem with vacancies? I can buy the place for $50k payment with tax and Insurance would be $388 and it would rent for $1,000 - $1,100 easy. Rough numbers I know but seems like a no brainer. Just need a little influence 😉. Thanks in advance!!

[Nathan Gesner]

What's holding you back? Regardless of what happens, people need somewhere to live. If the economy crashes, like I expect it to, then rents may have to lower but occupancy rates should still remain high. In fact, fewer people will be able to buy and rentals will be even more important!

I am under contract for a single-family investment right now. I would avoid top-end rentals but anything that rents to the B- or C-class crowd should be pretty safe even in a down market.