Hello!

I wanted to touch base with everyone and find out what investing you are doing right now.  What is working for you?  I am not sure what other folks in Phoenix think, but I don't see fix n' flips working in this market.  I also see rentals for a buy and hold strategy not being a great cash flow tool unless you are putting down some major money...usually once you've done one you are tied up financially.  By the way, I owned 9 homes at one time...so I have been very creative before.  My other thought is that those loan programs are gone. 

So, what is REALLY working for you?  is it that people should move their money out of certain markets and move them into other places like San Antonio, etc.?

I finally in 2006 and 2007 lost money on real estate.  This has been a ig lesson for me.  I have a boat load of should coulda wouldas.  Keep in mind, we do not have $20,000 and $40,000 homes here in Phoenix.  Keep in mind, I was one of the beginning members of the local REIA out here (the founder is a good friend of mine).  Side note: my printing company even created and published their newsletter.

So, where is the market that helps you cash flow?  Where is the market where subject to can still be done without a ton of saturation of everyone and their Mom playing real estate investor.  I am glad that it is losing it's glamour....I think people loved telling people they were investors at cocktail parties and to pick up women.  OK, so now try being an investor and ACTUALLY make money.

OK..rant over...let me know your thoughts...even if just a quick note.

Jess Rankin