Why You Need to Avoid Bad Properties in 2024
2024 is going to be a different market compared to years past. Rates are going to flatten out and everything that we have seen will be changing. Predictions indicate that the Fed is going to lower their rates to 6% or 7% starting in May. That is why real estate investors need to avoid bad properties! In an earlier post we discussed the 5 key things that real estate investors need to do in 2024 in order to succeed. Avoiding bad properties is one of the most important key things that real estate investors need to focus on. So what makes a property a bad property? Let’s take a closer look.
What do we mean by bad properties
When the market is going, then every property sells. This includes properties on corners, busy streets, overlooking commercial properties, and even the ones that are next to big apartment complexes. These are the properties that are normally going to take a hit and sit on the market for a longer period of time. As the market changes, buyers will have more choices. They will also become more selective because of the cost. In order to be successful, real estate investors need to buy good properties that are in good areas. Take your time and do the comps in order to avoid bad properties in 2024!
Contact us at The Cash Flow Company if you have any questions or would like to find out more about investing in 2024.
Watch our most recent video to discover more about 2024 Real Estate Investing and the 5 Key Steps to Succeed