No, no one has a crystal ball and will know what will happen in the next year, but over much longer periods of time, the market has predictable cycles.

Turn key is way overvalued in most markets for the cycle currently.

@Brian Burke I notice you said you slowed down your fix and flips in the early 2000's, then I got the impression that you did some house building prior to the collapse, then got back into flipping.Do you think this is a normal cycle?

its a tough choice to make, dori, but here are my thoughts. any furnace that is over 12 to 15 years old is nearing the end of its life cycle. personally, the one i replace in my house 3 years ago was 23 years old. it was still working, but probably about as fuel efficient as a campfire. if these furnaces are older than 12 to 15 years old, then they really aren't worth putting any money into them as next year, they will need something else, then the following year, something else again and so on. sooner or later, they will have a heat exchanger issue and then they are shot and you have wasted time and money on them anyway. as far as the roof, well, if it is not leaking now, it could next year, and then again, it could not for years to come. the roof may not have a pretty look when people drive by, but if it is not leaking, well, then it is still doing its job, right?

Do you mean that Atlanta is behind Dallas, Austin, and Houston in terms of infrastructure, employment, real estate cycle?

I am very conservative, so extreme value add would have to yield a lot more than it does right now, to make me want to pull the trigger on it at this stage of the cycle.    

Hi Chris,The 2 to 4 unit residential apartments are at a different cycle in the recovery for our areas then the larger complexes.So before I could comment I would need to know how many units you are wanting to purchase and cash down??

As people panic and move out for a couple of months maybe year, other people will see an opportunity to get NYC housing at a more affordable price and your typical supply and demand cycle will continue.

You can't finance property on 30-year amortization debt, and instead have to use adjustable rate debt, or debt with 3, 5, 7, or 10 year balloon payments.Understand that in this business you WILL lose money at various market cycles when using OPM. 

I'd like to ask what you guys are doing in this situation to be able to follow up with your leads without calling them from 3-4 different numbers in a 3 month marketing cycle.