Quote:
Originally Posted by BrianL99
As is the case with any business (& owning investment real estate is a business), supply & demand is the driving factor. Personally, I think the supply in TV is saturated. What's worse, is it's saturated by amateur real estate owners, who think buying property in TV is an easy "get rich quick scheme".
In the real estate business, your true profit is made when you purchase, not when you sell. If you buy right, in the right location, your profit is made. You might not realize those profits immediately, but the profit is there and tangible, in equity and/or cash flow.
Don't let the naysayers get you down. There are plenty of opportunities in real estate investing, although TV may not always be the best place to concentrate.
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I agree with most of your points. You can make money as a landlord in many places but TV is not even close to ideal for that. Amenity fees, the bond, the age restriction, dealing with your own lawn care, and a seemingly unlimited pace that the supply of comparable homes is increasing, and then you have the fact that over 60% of the people renting in TV don't want the home for 12 months, they want it for 3-6 months.