The as the quality of the area decreases the more you have to sift for that gold.

I think they are predicting a 50 basis point decrease at the next meeting.I wouldn't wait too long, though.

I went to a real estate investment meeting recently and the general consensus was that this was the best time to buy, not just because prices are low, but because sellers are more willing to do creative financing deals due to the abundance of properties for sale, and the decrease in qualified buyers.

Sure there are many homes that have decrease in value but it's not in areas that I would want to live in.

Not to mention there are quite a few nice HOMES that are rentals.Although I haven't seen a decrease in rent, I just haven't been able to increase it to offset the higher utility costs, taxes, etc.

Originally posted by "EricFoster":For whatever it’s worth… You have not been able to get $300 appraisals here for the last 3 or 4 years… The going rate is now $350 or $400 with rent comps… I am talking single family homes…What I have seen is that some appraisers have lowered their going rates because of decrease in business over the last year or so.

In the last year and a half we've seen a significant increase in the competition in each county, which has decreased the profit we make on the houses.

They may also decrease in value due to market conditions for a time period and that is when your partnership will be tested.As a 90% cash contributor, I would no way agree to a 50/50 split. 

Whenever possible have the tenant pay all utilities and you will be amazed how much the bills decrease.

With two properties i hope I can decrease the time between propertiesRick Santasiere thank you, i will keep you in mind for the future.