Sorry the blog has been slow for several weeks now, but it’s been about 6 weeks since the tax credit expired and about 6 weeks since we’ve spent any time thinking about buying and rehabbing properties. But, now that things have settled down with all the tax credit buying and selling, I think we’re ready to get back to work.
I haven’t really spent much time looking at the MLS, so I have no idea what kinds of deals are out there, and whether prices have increased, decreased or stayed the same since we stopped buying. So, the first order of business is to start scouring listings to find out where the market has gone and start evaluating deals based on current buying and selling trends.
We also need to decide if we’re going to focus our time on flipping or finding some rental properties that we can hold long-term. This will be greatly based on the kinds of deals out there. If we can find some great opportunities on properties that we wouldn’t mind holding long-term, we’ll definitely start acquiring rental properties.
I’ll have more to say in a couple days once we get back down to business…