Posted by Sailor on August 06, 2009 at 13:56:56:
No amount of statistical rooting around can replace knowing the neighborhoods in your market area. Note that you do not want to buy in a hot area–that’s where you want to be selling. You need to know what to buy BEFORE a neighborhood heats up. However, I use an alternative method, buying bread n’butter homes, for which demand is always higher. I mostly hold on to them because the ca$h flow is like owning an orchard of money trees. There’s always a great deal of work involved because of the nature of rentals, but my little trees are going to bear fruit for several generations.
Tye