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Updated almost 17 years ago,
Wholesaling/Rehabbing and its relationship to the Bubble...
Here's what I don't understand. This market is readjusting itself by the hour. Economists are talking 30% decline in some markets.
So if someone says to me that I can buy a SFR for 40 cents on the dollar, how do I know where the 'dollar' is as it is constantly moving downward?
40 cents on the dollar today maybe 70 cents on the dollar tomorrow. I'm going to rehab SFRs with these numbers?
I hope I make sense. I guess that's just been my slight hesitation with investing in SFRs. Now multifamilies, that's a different story.
Please, please let me know your thoughts.
Matthew Stover08