Wow- So much for south central properties. The number of houses selling for more than 5 mill reached an all time high last year. -even more than in the height of the real estate bubble. Houses selling for more than 1 million were as high as in 2007.
This is more proof that this is the best time to invest.
Rising rents mean you should:
1. Buy and hold for cash flow
2. Buy and rehab and sell to new homeowners who know they can own cheaper than rent