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The problem with buying single family rentals in top 10 US metros:
1. Everybody and their brother who has $10k in the bank wants to buy one. BiggerPockets syndrome.
2. They're all banking on appreciation continuing as it has for the past 10 years.
1. Everybody and their brother who has $10k in the bank wants to buy one. BiggerPockets syndrome.
2. They're all banking on appreciation continuing as it has for the past 10 years.
3. Foreign money is looking for safe place to park. Asians, saudis etc afraid of their own gov so they buy for almost no yield in our cities.
Cashflow just isn't there.
My advice:
Find cashflow in a less desirable market or different (niche) asset class.
Cashflow just isn't there.
My advice:
Find cashflow in a less desirable market or different (niche) asset class.
Differentiate yourself and get good at something that not all buyers know how to do.
For me that was self storage in small markets with remote management and really good software.
For you it might be medical office. Last mile industrial. Pet crematoriums. Assisted livings.
For me that was self storage in small markets with remote management and really good software.
For you it might be medical office. Last mile industrial. Pet crematoriums. Assisted livings.
Golf courses. Cemeteries. Short term rentals. Executive rentals. Tiny homes. RV parks. Mobile homes. Parking lots. Government office. Flex space. Distribution. Cold storage. Showrooms. Data centers. Fulfillment centers. Ghost kitchens. Marinas. Gas stations.
If its easy to do and there are blogs written about how to do it then ignore it.
Find something where there are more sellers than there are buyers. Where you aren't in a sellers market all the time because there are no barriers to enter.
Find something where there are more sellers than there are buyers. Where you aren't in a sellers market all the time because there are no barriers to enter.
And most importantly - get an operational advantage. Make sure the asset is worth more to you than it is to anyone else because of HOW you run your business.
In my case its remotely managing self storage. In yours it might be the way you find tenants, advertise, etc.
In my case its remotely managing self storage. In yours it might be the way you find tenants, advertise, etc.
The sexier it is the worse the returns are going to be.
Find SWEATY real estate.
Find SWEATY real estate.
