Why Haven't I bought any Rental Properties Recently?
4,546 views · Published 29 June 2016 · 10:13 · Indexed 17 October 2026
Channel: InvestFourMore Real Estate · 2016 · Music
More information on my fifth rental property here: https://investfourmore.com/2016/06/21/i-sold-rental-property-number-five/ You can sign up for my email list and free eBook here: https://investfourmore.com/real-estate-investor-email-subscription/ I have not purchased any rental properties since September of 2015. I had 16 rentals at one point, but recently sold my fifth rental property. I sold the house because it was tough to rent and had a wierd floor plan. The house was bought for $88,000 in 2012 and I sold it for $199,500 in June of 2016. The home was rented for $1,250 to the same tenants the entire time I had it. I could have maybe raised rents to $1,400 with new tenants. The reason I sold this property is the rent to value ratio is so low. The home is worth $200,000 and it only rents for $1,400. This is in large part due to rising house prices in Colorado. I am not buying rentals in Colorado for the time being because it is so hard to cash flow. I am looking to buy in Florida, but have not pulled the trigger yet. My flipping business has been my focus this summer as I have 11 flips going. Be sure to leave a review on Amazon for my books to enter my contest to win a coaching program valued up to $997. Leave a review and email me letting me know so I can get you entered. [email protected] . My books are here: http://www.amazon.com/Mark-Ferguson/e/B00FP1LZ1C
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