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Posted on 1/7/26 at 6:31 am to fareplay
quote:
price of homes and mortgages far exceeding any rental income
Buy foreclosures and manage the rehab yourself.
I was fixing some plumbing yesterday and will be again today in one so the drywall crew can get in next week and knock it out.
I could rent it out, not taking any profits, and have all of my money back in roughly 7 years. I am in a flip one buy one to keep from profits phase. I figure if I get stuck with one I can't flip, then I will convert to a rental since that's my goal anyway.
ETA: There's also the option to owner finance the properties, build up a history on payments from the buyers, then flip the note
LINK
This post was edited on 1/7/26 at 6:34 am
Posted on 1/7/26 at 6:43 am to ronricks
quote:
Great Housing Reset is upon us.
Please explain what this even means
I have been wanting to laugh at you in 26
Posted on 1/7/26 at 9:05 am to wiltznucs
quote:
Single family home prices remain stubbornly high. Even those which are bank owned or in distress. I keep saying the prices have to undergo a significant correction; and I still believe that they will; but it hasn’t happened.
I tend to agree with you on this. I'm currently renting on the other side of the state (Vero Beach) and waiting for the right opportunity to buy. I'm hoping there is a drop in prices. I sold my house in Port St. Lucie in August of '24, which was good timing on my part. We moved to Vero because we just like it a lot better, and we're going to retire here.
Some folks think that prices are going to go up when interest rates drop, but I don't think so. I think they might stagnate for a while, though, which is fine with me. I would rather wait for the right house to come along than pull the trigger just to get into a house.
Posted on 1/7/26 at 11:58 pm to fareplay
The same as any other time
i) buy it right
ii) “location, location, location”
i) buy it right
ii) “location, location, location”
Posted on 1/8/26 at 6:19 am to fareplay
Our cash is sitting in a simple mix of 60%MM and 40% split between a growth and value ETF. Our 1 yr return is right around 9%. This I our “go to” money so it’s conservative.
We have a paid for rental and have been looking for another but current prices can’t beat this return which is relatively risk free. Until that changes the math, at least in our area, doesn’t work.
We have a paid for rental and have been looking for another but current prices can’t beat this return which is relatively risk free. Until that changes the math, at least in our area, doesn’t work.
Posted on 1/8/26 at 8:59 am to SDVTiger
quote:
Please explain what this even means
It means that cuckbox condo you live in is going down in value.
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