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Updated almost 9 years ago,
If this is the right town or time to invest
Hope everyone is having a great day! Quick question for you all, in my home town the property is really cheap. I would love to buy and hold the property for a few reason, one its my home town and I would love to clean it up, and for two I would love the cash flow of course. I understand that if the numbers are not good (still have to get good at evaluating a deal) then don't buy. I've done my research and my city is about to turn around its going to become a tech town and that's means more people with good job's meaning property value will go up. I guess my question is, will it be a good idea to buy now even if the rent and property value isn't so good now but will be in the next five years? I think buying multifamiles will be worth it but I'am really new to REI, want to know how you all look at the situation.
PS. I hope this is the right topic for this discussion!!!!
Jesse Watts