Missed the opportunity?

[John T.]

Hey All,

What I mean by missed the opportunity is that I can't find the same deals as I could 3-4 years ago. There are nearly no foreclosures now and all properties in my area have gone up significantly in price in that same time. I'm wondering if maybe the time that I started investing was in the residual fallout of 2008. For example, I bought 3 duplexes in 1 year, for 65k, 50k, and 40k. They each brought in between 1200-1400 of gross monthly rent. Now the best I can find is a duplex at 80k making 1200-1300. After expenses and such, the ROI just isn't what I've grown accustom too so I have been saving looking for a better deal which hasn't come along in 6 months. What is going on exactly? I was looking to go commercial for some time but in my area the profit margins are much less than 2-4 units.

Thanks,

John