Posted by Brent_IL on January 13, 2004 at 20:20:12:
Whether it’s wise to buy a house to resell or lease depends upon the acquisition costs within your marketplace and what?s going on locally with solds and rental rates. No one can give a definitive answer because “good” is relative.
There are always a certain percentage of sellers who must sell on investor-friendly terms at any given time.
It’s not as easy to find acceptable deals today as it was when interest rates were 9.00%, or even 7.00%, but you have the same chance as anyone else. Hold out for a deal that doesn’t depend on a godsend to succeed.