Advice

[Jose Genao]

If there are alot of properties around where i live does that mean its a good time to invest or that the supply is to high and no demand for the properties and i should not bye?

[Brandon Turner]

Hello Jose Genao,

Warren Buffett once said "Buy when people are selling and sell when people are buying." Fits with what Ned was saying.

Also - i'll add - if you "buy smart" you don't need to worry about the market, the future, etc. This means buying properties that bring in more money each month that it costs to own it. If it rents for $1000 per month but all the expenses (ALL of them) come to $750 - then that's $250 per month in cash. Forever. well, at least until the house is paid off and rents go up, and you'll be making even more.

1.) Buy cash flow positive properties.
2.) Get 30-year fixed mortgages.
3.) Rinse and Repeat.

Food for thought!