All Forum Posts by: Jared K.

Would just like to hear everyones opinion on this. I have covered a lot of material in 13yrs and have invested myself and just figured it would be a good topic!!

Todd,
I do agree with what your saying. Some of the properties that are available for $10K are not in the most prominent areas but are still in great shape (rent ready) and make great rentals. I do see as well that if you invest in the types of locations you describe that the properties will rent a little higher. I try to stay away from the all boarded up streets but yet fall in between the higher areas as well. I think SFR's are a great investment as well.

Thanks for the comments everyone.

I am an investor myself that owns multiunits and have had them for years. In this market if I was gonna buy, it would be SFR's b/c of the cheap prices. So my question is simply this:

**Why would an investor pay $30-50K per unit to own an apt building when they can buy houses for $10K in rental mgt areas that will rent for the same price per month ($500-600) that the apts would?

Here is my thoughts:
Apts cost more to own, tax's and insurance are higher, people take better care of houses, tenants stay longer in houses, you can pay cash and get more houses and not have to get loans, pay interest etc, if you want to sell you have multiple exits with houses and more people can afford them so more buyers, and houses cost less to repair when you get an estimate b/c its not a big commercial building and you dont get gouged. I am sure there are more benifits, just going off the top of my head. What are your thoughts??

There are some good one's here!!! What about this one? I fun my ad in the paper saying no pets!! People call all the time and say "What about a hampster or a small well trained dog?" My response: "No, if I let you have that I have to let someone else have 3 pitbulls, cant do it!"