Conversely an investor with a lot of cash may be able to suffer much lower return in exchange for being able to buy a worry-free building in a more rapidly appreciating area.I appreciate your recommendations and help.Best wishes,Erik

It shortens the learning curve and helps you find qualified personnel to build out your Team rapidly! 

Unless you are planning on growing your business rapidly (say in the next 1-3 years), you should be fine. 

I’ve started looking at and analyzing local small multi family properties (currently reading The Multifamily Millionaire) and hope to be in a position to purchase my first rental property next year, after educating myself some more.I’m located outside Grand Rapids, MI (Zeeland, to be exact) and would love to connect with others in the area.

Dripping Springs is growing rapidly as well,  It too will be a great area to invest.  

Upside: Area is growing rapidly, so my losses will be mitigated over time. 

Can you count on a rapidly appreciating market to continue?

Hi BPHas anyone had luck financing a small ($500k) MHP park in the Cedar Rapids MSA?

The Raleigh triangle area is very hot and prices have rapidly rose, I don’t think rents have caught up there yet.Columbus and Indianapolis on the other hand are more affordable and have a lot of room for rapid growth which is why they’ve been so hot over the past 24 months.

It would be a half decent argument if you had more equity and if you were in a rapidly appreciating market, but negative cashflowing properties are risky in the face of a downturn.The upside is that if you keep the rental for 15 years, you own it free and clear.