One of my favorite hobbies is to scan the Victorville MLS site for cheap houses. The home market has been in the tank for quite some time now, and I hope it will continue.
I have, hopefully, positioned myself to be somewhat cash flow positive this year. I knew the housing market would crash from its high, so almost every day I am browsing the MLS for a good deal. My plan is not to live in a cheap house, but rather to pick up a few at bottom feeder prices, maybe fix em up a bit and rent them out. Obviously I would take measures to avoid getting myself upside down on them. I have no desire to "gamble" in rentals. There is a purchase price that would yield a cash flow positive rental, those are the requirements. So I keep watching the MLS, daily, most of the time just bringing up a quick search for any homes selling bellow the 100k mark; not very many do. But still I dream of working for myself one day, and I plan on rentals being a large portion of my self employed income.
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