I made thousands, but it wasn't exactly a gold mine.You want to own the land, not the trailers.

Last year new construction was so crazy that prices were climbing weekly, builders were doing lotteries again, and people who were fortunate enough to sign contracts at the beginning of the gold rush ended up with homes that were worth 30k or 40k more by the time their homes were actually completed.

Whenever I work with a client, I always go higher that way when it comes in lower, you are in the gold.  

You will encounter what appears to be great cash flow in some other areas of Cleveland but, in most cases, it's fools gold. 

I’m an aspiring real estate investor on the Gold Coast, Australia.I’ve found that no one has seemed to talk about a crucial topic I wish to hear is what to do when there is a boom happening (prices crazy high).At the moment in Australia, rents are high, and so are house prices.

The servicers are worth their weight in gold. 

Because he who has the gold makes the rules.:)  The real answer is to prevent churning or constant refinances in an appreciating market because the secondary mortgage market is built on mortgage backed securities and lenders would have to pay their yield spread back to the investors if the loans kept coming out of the security.You can go with a DSCR loan that doesn't require 6 months seasoning, but the terms are not as favorable as they would be if you waited and since you're playing the long game with the property, it's best that you wait.80% is available, but again, the terms are not nearly as favorable as they would be at even 75%. 

A new build there is gold.

And sometimes there's just so much demand and only so much time available that no matter what you have you'll rent it x number of weeks whether it's got gold plated toilets or not.If the units are all the same and the difference is really just the amount of leverage then I'd probably go with 2 as long as my leverage was conservative. 

Best,Tom Casey | Real Estate AgentEast Lincoln Park & Gold Coast Office@properties