Which investing strategy should I adopt moving forward?

Question

Larry Fried · Answer

Account Closed I am not sure where you got those price decrease, but when I look at the NAR Q3  '18map for any of those areas (looking at entire map area), I am seeing year over year INCREASES .  Here's the page I am looking at https://www.nar.realtor/research-and-statistics/ho...

Could you be looking at number of houses sold by any chance, as most of these areas have had inventory declines.

Account Closed · Answer

I like Oklahoma and most of Texas but prices are dropping in Tennessee. Phoenix is far outpacing Nashville and Memphis and as such Phoenix is a much safer bet. Although, Dallas and Ft Worth are good too.

Where home prices are falling

According to the National  Association of Realtor’s third quarter report, here are the U.S. cities  with the biggest recent price declines.

• Denver: 3 percent.
• Austin: 4 percent.
• Chicago: 4 percent
• Washington DC-area: 4 percent.
• Seattle: 5 percent.
• San Francisco: 8 percent.
• San Jose: 8 percent.
• Nashville: 9 percent.

Account Closed · Answer

Your Comment: "I am open to new ideas, however different they may be, regarding a long  term vision/strategy for property acquisition and pay off"

You haven't said if you invest locally or out of state but I'll try to give you some ideas that work in California, Texas and Arizona. These are Turnkey in this instance but they don't have to be. You can develop these locally if you wish. I lived in NOLA for a time and because of the weather and potential for flooding I'd be hesitant to invest long term there. However, Baton Rouge might be far enough inland. If you are investing out of state, Central Texas and Arizona are good choices for this type of investing. You can check out the process at

https://www.biggerpockets.com/forums/600/topics/58...

If you have any questions on details feel free to ask. But you DID say "new ideas" (even though this is all that I've done for 25 years, it may be new to you)