Posted by dealmaker on July 25, 2007 at 15:10:09:
I like being diversified, I’ve always been in mutual funds as well as RE. I’m not sure what part of TX you’re in but I don’t see prices “rising” except as part of statistical aberrations; high % of new construction in a particular market, etc.
That said since I live in TX I invest here too. I like buying for CASH and selling on “low down, no qualifying” terms, Typically I can buy "at FMV and sell the same day for 20% GP and earn a good interest rate on the seller financed loan.
Other than that I don’t see any reason to buy into a flat and/or declining market.