I was just thinking about the most important rule for investors. Buy low sell high except right now it might be better to buy low and rent it out because it will be awhile before we can sell high. The number of people who own homes has gone down slightly and there are more renters now. Rents are higher now than they have been for awhile and vacancy rates are lower. Interest rate remain at an all time low. Maybe you don’t want to run out and buy a rental property but if you own property maybe you could hang onto it and rent it our instead of selling it.
I found one little duplex on the market for 89K and it has two units and the owner is currently getting over 19K a year in rent. The owner probably gets some tax deductions too. Something to think about while home prices and interest rates remain low.