The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (212363)	7/30/2009 1:07:23 PM
From: John Vosilla	Read Replies (1) of 306849

Just buy with at least $15-20k equity going into the deal these days and all will be fine.. GRM's now around 3-4 if you want to hold. You are protected for inflation/dollar debasement to the fullest especially if you leverage at low rates versus builders breakeven price point of $110-140k on a starter home compared to your cost basis of $30-40k. I am just monetizing equity and hunting for deals in a very wide net that takes all my time for the next 18-24 months cause I enjoy it most,the economy stinks and don't want to be tied down to the landlording thing again just yet. There will be a day, perhaps by 2013, when interest rates, rental rates and home prices start going much higher and the smart folks should have loaded up on a bunch of cash flowing rental property. Life is short so I say just find what you enjoy doing so go have your fun down in the FL Keys or Mexico day trading<g>..

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