It IS a great time to buy and hold. Again, doing your homework is critical, but there are deals all over the place that will provide positive cash flow when you buy low and rent it out. This also, in many cases, can give you good tax advantages and if you can hold the property for several years, can show you good appreciation for your efforts. I have several investors who are taking their portfolio (that is getting them about 1% or less) and buying properties for cash (realizing an 8-10% return after expenses).
If youâ€™re looking for a good agent to help you find the right properties, give me a call.
Happy House Hunting!
Coldwell Banker Residential Real Estate
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors