Quote:
Originally Posted by wildwoods
If a person buys rental property with he sole hope of gains coming from said rent, then it's a bleak investment. Like anything the trick is timing. A properly bought horse is 50% sold. But low sell high. In this boom bust market, stews purchasing can lead to incredible return. There are risks but traditionally is a sound move. I would suggest nobody to purchase if you can't afford to sit vacant for a few months.
My $.02
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Anyone who knows when to buy realestate would tell you now is a horrible time to buy. You want to buy when there is high interest and high inflation. That's when you'll get the best deal on your house, and it will appreciate quickly due to inflation. With inflation at less then 2% per year and record low interest rates I'd be wary of buying anything and expecting capital gains on it in the next 10 years.