Deals on small investment properties like duplexes, fourplexes, etc., have rarely been better for a couple of reasons. First, distressed property sales have made the markets super-competitive. When I say distressed property, don't just think of foreclosures and short sales. In fact, there are many cases of properties that sell conventionally but that are offered by very motivated sellers that will slash their net proceeds from a transaction just to get out from the under the property for whatever reason.
The other cause of a sluggish investment property market is the massive shift that began with the subprime mortgage crisis. As a result of the crash, banks generally require 20% down to purchase rental property - - - cutting many potential investors out of the market as a result.
Do you have questions for me regarding investment property? Call me at 512-736-3353 or email at Bradley@BradleyPounds.com.