Originally Posted by Grumpyaviator

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You have to know the cycles; buy off the bottom, use rents to cover the expenses and sell at the top. Now, the last three years and probably the next couple years is not the time to buy.

There’s a reason the largest holders of residential rentals (invitation, black stone, etc) are unloading inventory. They’ve plainly stated they’re selling high as rents are dropping and setting that money aside to rebuy rentals in a few years. AAMOF, blackrock has set aside $30b to buy distressed homes as the future recession recovers.

Spend the next year or to educating yourself and saving money.

As Buffet and others say; buy when everyone is selling and sell when everyone is buying.