I got a call late last night...
"Hi Bill? This is Frank. I talked to you about a year ago on some homes to rent. I am wondering if the market is near the bottom yet?"
I replied..."Hi Frank...Yes I remember. Yes the market is near the bottom."
F: "Well, when do you think it will hit the bottom?"
ME: Well Frank...That boat has sailed...prices are on the increase."
F: "They can't be. The media..." I stopped him...
Frank, remember I told you not to listen to the media. They talk in general terms adn their info is many times months behind what is actually going om.
F: "Well, now what am I going to do?"
Well, if you are interested in still buying a few homes for rentals, I wold suggest you listen to me and get started before prices go even higher.
North Branch Minnesota is suffering from a lack of GOOD homes to buy. Nice homes are not on the market long and multiple offers are the norm. 3 of 4 offers last week were multiples that my clients were involved in.
Looking to buy Real Estate...don't wait! Now is as good as it may get!