0079 BP Guest Post: What Needs To Be Said About Appreciation [Video]

Since I am on the ground in working class neighborhoods, I always try to find out the story of how the neighborhood became so distressed with low prices. I always find out that these houses used to be in great neighborhoods 20, 30, 40 years ago - but when the jobs left, the neighborhoods began to reflect that economic decline.
I have some words of caution, and some words of hope, for those whose entire real estate investing strategy relies on appreciation, as well as tips for what to look out for to avoid these errors that would otherwise take 20-30 years to find out. For example, "single industry areas" are susceptible, and with the future changing rapidly in an economic downward direction - caution and heads up should be used.

Thank you so much!

Lisa Phillps


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Please remember, if you want to submit a question, please send and email titled "Audience Question" to LisaPhillipsREI@Gmail.com If it doesnt say that, its easy for me to overlook it as SPAM and get deleted.

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