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I agree that it's better to not gamble on a house that doesn't have a positive cash flow.

But---- there is the train of thought out there that if you break even every month & just maintain, then someone else is paying your mortgage down for you. So even if the market isn't showing much of an increase every year, eventually you will have equity in the house & profit when you sell, or pull it out in a refi/heloc & use to purchase your next investment.

With the hot hot hot market we have had, many people have directed their energies into the 'fix it & flip it' type of investment.
I suspect with our now slowing market(at least where I am),
investors will be looking to see which properties will be a good
long term investment.

Hello,
Are you still looking for Bloggers?

From my conservative point of view(please don't hate me)I personally don't think we need to find weapons of mass destruction to justify helping a country unseat a monster like Hussein. That man hates the USA, and would willingly & gleefully aid & abet anyone who wants to harm us. Anyone ever read what he allowed his sons to do to people over there? Or what HE did? The man was a threat, and he needed to be taken out. All you have to do is talk to any of our returning troops to find out how the majority of Iraqi's are so grateful that they are there. We need to get the job finished & get out.

If a country needs help & we ignore what is going on,
who will then help us in our time of need?

I don't think prices will drop, I think we will just not be seeing home increasing in value by 30% per year & selling in 60 days like they have been in my area for the last few years. They homes around here are sitting on the market longer, but they are selling.
Everything seems to be leveling out, it isn't a buyers or sellers market.

Adding my voice to the mix, I also agree as an investor you need to explore all possiblilites. However, if you do take the time to get to know & work with a realtor you trust, I think that is the better way to go. A realtor representing you as a buyers' agent has a fiduciary duty to you in looking out for your best interest. And it is just good common sense to have someone(who the seller is paying)else there to oversee all the very important contract matters & deadlines.
I have been a realtor for almost 4 years now and am a beginning investor. I may not stay a realtor, but I do intend to continue investing in RE, and would most definately use a RE agent.

By the way, I have never met an agent who intentially encourages a seller to inflate their asking price. We usually have the opposite problem, trying to convince the seller what a realistic price to ask for his/her home is!