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Updated about 5 years ago on . Most recent reply

Dwight S.'s profile image
Dwight S.'s profile image
Dwight S.
  • from Harrisburg, Pennsylvania
  • Member since Nov 16, 2015
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Dwight S.'s profile image
Dwight S.'s profile image
Dwight S.
  • from Harrisburg, Pennsylvania
  • Member since Nov 16, 2015
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Dwight S.
  • Harrisburg, PA
3
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22
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General Real Estate Investing

Just bought a home 2 months ago. Am I in trouble

Dwight S.
  • Harrisburg, PA
Posted

Ok so I just purchased a rental property in cash and put 10% down on my primary residence in January. With the upcoming real estate crash and economy in general how scared should I be from a value of my property perspective. I have money to pay my mortgage for at least a year and my rental has a new tenant who's job isn't in jeopardy. Not to concerned about that I'm concerned about buying at the peak of the market. Am I screwed?

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Jacob Sampson's profile image
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Jacob Sampson
  • Investor
  • from Topeka, Kansas
  • Member since Sep 29, 2015
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Jacob Sampson's profile image
Jacob Sampson's profile image
Jacob Sampson
  • Investor
  • from Topeka, Kansas
  • Member since Sep 29, 2015
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Jacob Sampson
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  • Topeka, KS
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Jacob Sampson
  • Investor
  • Topeka, KS
Replied

I purchase for cash flow so the value of my property at any given point doesn't really matter to me.  Was this a flip or a buy and hold?

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