Yes, I didn’t make my money buying rentals… However, rentals helped to further solidify my wealth position…
Buying rentals in flyover states won’t build you much of anything. If you want to play ball, play in the major league.
Ask people who bought rentals in the Bay Area how rentals have impacted their net worth. Not the loser guy in South Carolina who wants a 350k passive income.
You are #3, options
If you buy BA rentals today, it may indeed take you 10 years to build meaning wealth. Great Recession is just a coincidence.
If you bought in 2007, it did take 10 years to build any meaningful wealth. How many can you afford to buy in 2007?
Ask people who bought in Sunnyvale early last year.
Notice “time” is not mentioned in the golden rule of buying real estate: location, location, location.
Yes… I was going to say that. It’s the timing. Great Recession can make some people very rich if they had bottom fished…
No. Timing not required. Just pick the right location.
Made my money building spec homes…But rentals make sense in high appreciation locations…they key is find value add properties…
Those who bought in Sunnyvale one year ago only made 250k. And was a $1M investment so not a small sum to begin with…
Who puts 1m down for a 2.5m house? If they put down 500k, then 250 is 50% return.
I regret not buying anything in 2007. Credit was super duper easy back then. You can take out a loan as long as you have a pulse. If only I had taken out NINJA loans to buy 2 or 3 houses in PA… 
I really don’t like these articles from flyover states. Their math and conclusion are so off for our major league locations.
Many did and many foreclosed. Can you get cash flow positive in 2007?
Were there ever lots of foreclosure in PA? Sorry I don’t recall seeing the flood.
That’s why I say focus on locations.
My friends ar Waypoint turned $500k into several hundred million…in 7 years…all on rental properties…not flipping
How many 2007 purchases were rentals in PA?
Somehow that math doesn’t seem to work out… how are they supposed to turn 500k into several hundred millon with rentals in Antioch? That kind of appreciation is even higher than bitcoin…
It’s called seed money for business venture
Started in Antioch in 2009 by 2016 they were nationwide…have something like 25k homes now…Hard to know all the details…lots of mergers along the way…But the current company is worth billions