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How many of you in real estate would start now? I'm nervous about starting given the huge bubble. I've watched the house in which I rent an apartment TRIPLE in actual sale price (2 sales) in the last 5 years. My own (new) landlords consist of a couple who are in a roughly 10-12-year cycle and plan to sell all to get out completely within another 6-7 years. I wouldn't mind some rentals but with the rental glut, and the high price of units, it gives me the willies. We don't own a home and would like to start by living in a building with multiple units. We looked at it the last time my house sold and were told by the few who do lend on rental units that they wouldn't lend on any property with over 4-units. Additionally, we were told that with the 7 units in this property we'd be looking at a commercial loan. I'll profess ignorance, but that would seem out of line with our hope to trickle into rental properties.
Can anyone suggest some decent references?
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