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You can buy in any market, the only thing that changes are the amount of deals that make sense. I was not actively looking because of the high rates, but I’m going to see a house today because I think I can get a really good deal on the price, and it makes sense from a cash flow perspective.
EY1, I haven’t sold any of my properties before, so I don’t know all the reasons but here are a few. All cash deals are quicker because you don’t have to deal with getting approved for a loan, overall less paperwork. In worst cases sellers want to to do all cash because they know their properties won’t pass FHA inspections or banks appraisals, so all cash is safer for them.
Subject Expert
2019 was the right time.
Subject Expert
If you find the right deal, then yes.
Fewer properties pencil out at current rates, but if you can find a good deal and/or can add value, then there’s ways to make it work.