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Updated about 5 years ago on . Most recent reply

User Stats

89
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64
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Kevin Chan
64
Votes |
89
Posts

Avoid the hot markets all together??

Kevin Chan
Posted

Given that many of the hot markets are so competitive and the prices on turnkey-ish properties have already increased in these areas, such that it is hard to achieve the 1% recommendation..  I started thinking maybe it is best to avoid these areas altogether? 


Maybe I should pick a market that isn't mentioned very much on any forums or discussions and just find a quality rental.  I'm not really looking to rehab and flip or brrrr too much.  I'm mostly looking for safe investments with good tenants and some appreciation + lower risk for depreciation.  And less likely to feel significant effects from a recession.

Thoughts?  Ideas for a city that fits the criteria?. Or is that just a dream?

Most Popular Reply

User Stats

89
Posts
64
Votes
Kevin Chan
64
Votes |
89
Posts
Kevin Chan
Replied

@Damaso Bautista - I agree.  I was just having a momentary lapse of judgment due to a little frustration on not getting another deal going yet.  There's no reason to avoid or only focus on the hot areas.. it's all about the numbers.  So I'll be ready when I find another deal that makes sense.

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