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Updated almost 8 years ago on . Most recent reply

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Steve S.
  • Dallas, TX
52
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649
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Anyone concerned abt adding rentals given economy and politics?

Steve S.
  • Dallas, TX
Posted

Seems very negative 24/7 in the media While the economy seems to continue to improve. 

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Alex Deacon
  • Investor
  • Pittsburgh, PA
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Alex Deacon
  • Investor
  • Pittsburgh, PA
Replied

@Steve S. Steve don't put too much faith in the Media. People will always need a place to live. if the economy crashes and we do another great depression of the 1920s then we are all in the dog house rich or poor. Just make sure when you buy a property you account for high expenses and low rents and if the property still makes sense using those numbers then buy it. If you live your investment career thinking that vacancy will be zero and rents will be high and repairs will be low then you are in for a long bumpy money losing venture.

Wish you the best.

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