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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: Perspective who wrote (57175)1/21/2012 12:45:25 PM
From: John Vosilla  Read Replies (2) of 119362
 
Nothing wrong with looking for turnkey investments at current market as long as the numbers make sense. Look more at solid working class neighborhoods maybe a few single family or a 4-6 unit type building that fell much more in price but where the character and makeup of the community isn't in decline and there are jobs not too far away. More than likely you have many more of those there but obviously the prices won't be as low as FL which has it's own issues in various hoods. Think more along the lines of low teens cap rate and record low cost of capital to borrow assuming you have the down payment and credit. The pyramiding of your equity with 20% down even with modest appreciation over say a 15 yr fixed mortgage and 15 year hold should easily be 10-15 fold with limited risk and a little effort and set you up with a stream of free cash flow for retirement to.. You are obviously well protected in a high inflation environment as well
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