Up here in the north west there are more high paying jobs than people to fill them, and yet more people to fill the jobs than there are apartments to house them.
As long as you can keep your mortgage small and pay a reasonable HOA you can cash flow pretty good up here. Stay in the high end condo market in a great location, market to the tech scene, and look for guys on 1 year contracts.
Downside is 2bdrms in good locations are $750k - $1mm.
I know a guy who owns over $30mm in real estate, all the while living in his 2bdrm apartment. He played the AirBnB game and used the cash flow + super tight rental market to keep leveraging. But if the market crashes and vacancy rates go up, he is one of the first ones to be screwed. But if he keeps killing it and paying down these mortgages, he is gonna win bigly.
As long as you can keep your mortgage small and pay a reasonable HOA you can cash flow pretty good up here. Stay in the high end condo market in a great location, market to the tech scene, and look for guys on 1 year contracts.
Downside is 2bdrms in good locations are $750k - $1mm.
I know a guy who owns over $30mm in real estate, all the while living in his 2bdrm apartment. He played the AirBnB game and used the cash flow + super tight rental market to keep leveraging. But if the market crashes and vacancy rates go up, he is one of the first ones to be screwed. But if he keeps killing it and paying down these mortgages, he is gonna win bigly.