All Forum Posts by: Account Closed

Unless you are nearing the collapse of civilization, it's not a bad time to invest, IF you can find quality investments. That last part is the main problem. 

 It's a mobile home, and he's probably aware of what happens to the value for the owner over the long haul.

 

I’m planning on living in it.

The crickets are chirping now because buying a home to live in usually ends up as a liability, rather than an asset, which is an essential distinction for an investment. 

 Yes, but the deals they do, are deals they probably shouldn't be doing, is the problem. 

 Looking in the suburbs of metro Detroit (excluding lousy areas, which is a lot of them) and Los Angeles- which is a fantasy land at this point. 

 Ok. So if I build my core 4, then it won't matter that I want cash flow in Los Angeles right? 

That's a tough one to swallow. 

The best time of year to buy is after a major market correction. Otherwise, don't fool yourself.

Where you go from here depends on how good that first deal you just did is and/or your other income level. 

Is that first property generating positive cash flow? 

Money or not, honestly, where do you think you are seeing deals laying around these days? 

John Oliver agrees with you.

---https://www.youtube.com/watch?v=jCC8fPQOaxU---