1) Make the house look nice update do not put in expensive upgrades that get little return in rent 2) always check tenant background and credit score 3) do not buy a house in the hood this will scare good renters away - location is important 4) do the renovations yourself - use contractors sparingly 5) check the house for mold termites plumbing electrical roof HVAC sewer bad foundation and damage before buying - expensive repairs 6) mortgage insurance - avoid if possible 7) found a local realtor to give you accurate comps .. comparable homes with correct appraisal prices .. get multiple comps if possible 8) use the gross rental multiplier equation to calculate value instead of cash flow .. value is the appreciation plus the rents 9) buy in areas and towns you know .. close by so you can check on it 10) calculate cash flow from rent minus costs taxes repairs etc .. appreciation .. and buy as far under market value as possible 11) learn ways to find homes at discount .. buy from people you know personally .. foreclosure auctions etc 12) try out the "deal machine" real estate database
its nice seeing vids of old school kevin again. back to real estate and advice instead of endless stimulus updates. (i appreciate the updates, but this is a nice break)
Kevin I’ve been following you for a long time and I always hesitated to buy your course.. now I regret not buying it when it was wayyy cheaper 😂 worth every dollar still ! Keep up the amazing work
As someone who will be buying a home soon with 5% hopefully, I never knew about that built-in pmi (cmhc where I live). That's likely something I would have fallen for had you not said that. I think it would be seriously wise to buy your course before I dive into real estate investing as you've consistently given me quality tidbits
Thank you, thank you, thank you!!! You answered so many of my questions in this one video alone. Especially the 1% rule and cash flow, and out of state investing.
Looool I'm just sitting here listening to your video in the background. I know most of what you're speaking as I used to be a house flipper, then I hear you say "I know Davie, Florida really well" I grew up there too! lol I am saving up money right now to try to buy a mini farm there. I live in Ohio now but I can't wait to get back to Davie
Meet Kevin, this is why I subscribed to you on day one. You are Super Smart. These video make you want more information. to join your Classes. Or if you can not afford to at least thank you for giving them a head start. Great Job!
Can you do a segment for first time homebuyers or people that are looking to sell and re-purchase in this market? It would be really helpful to a large population of us that are going through this right now
Jesus and here I am watching this while calculating GRM for my area and its 21-23 minimum. Market value for 50-60sq meters is around 100k, with rents being at maximum 380 to 400! Feels bad man! :(
Hey thank you so much for your information, Kevin. I've learned a lot and you have been a godsend to me. Most impactful thing to happen to me during this pandemic has been finding your channel 👊🏽
For derogatory marks on a credit report, I’d probably dig in a bit to see what it’s about before outright rejecting a potential tenant. A bankruptcy filed for medical debt, for example, is going to weigh a lot less on my decision than someone that had discharged some auto loans and a bunch of credit cards.
One benefit of Socal is if you have a old roof you can wait for the wind to blow a few times. If I lose shingles wait a little longer since it rarely rains and get the roof tune up. Id rather spend 300 then 10k. I hate going up on roofs.
This reminds me of when Bigger Pockets was all “You should invest in Scranton, because the gross rent multiple is ridiculously low and the average cash flow is very high.” Cool story bro. I grew up near there. There’s a REASON property values are so low in that area. I would only consider it if the area was on the upswing. Quality tenants are hard to find, the area is rife with poverty and it has been that way since the coal industry died.
Thanks for coming out with non-stimulus related content. While I really appreciate your amazing breakdowns and giving us the most up to date info on stimulus, I love your real estate content as well. This is what brought me to your channel originally and why I will stay, if you keep producing it. Thanks for listening, and thanks for your hard work in all of these subjects you tackle!
Great video.. but wait.. when I hit the 20% equity on my home, I called the bank to remove the PMI, they refused saying even though I own 20% I have to wait at least 10 years ...I hate PMIs
If you don't have a tv hosting deal within one year I will be shocked. I never GAF about money before watching your videos and the other you tubers doing these great videos during the GME thing. Thank you for your awesome demeanor, easy explanations etc. I wish you had asked Vlad why he allowed selling and only restricted buying, but I may have missed that part of the interview. I have learned more watching your videos than in college courses.
Commenting on an old video in hopes you will reply. 28 here, bought a house in 2017 for 270k. We just refinanced taking advantage of Covid low rates. We owe 250k. With no inspection on the refi our value was 345k. Is it possible to use this equity for a second house downpayment? We do not want to leave the house we are in but want to build wealth
My current plan- I am buying land and putting mobile homes on it. Sells for a $50k Bare minimum but usually $80k net profit. I’m a realtor so that helps but - now I’m doing 6 a year. I don’t need that tax expense so I’m looking to like kind exchange 5 of those and just live off my real estate sales income
Kevin, in your GRM example, are you assuming the property would be purchased as a rent-ready property? If not, would the GRM formula now be recalculated as purchase price + rehab costs + closing costs / gross rents?
hmmm... if you had 2 dishwashers, you need less cabinets. you pull clean dishes straight from one dishwasher, and put the dirty dishes in the other dishwasher. no need to put dishes away anymore. it's brilliant!!!
On the gross rental multiplier equation think about as how much money did you spend to make money. So lets say you buy a 1.2 mil home and can only rent it for 1k per month. That's 12k per year. That a multiplier of 100. Now lets say you bought a home for 120k a year then rent it for 1k a month. That's a multiplier of 10. So in the second case it cost you 120k to make 12k a year instead of 1.2 mil. Another way to think about it is mutual funds. Lets say you put 1.2 mil into a fund that makes 12k a year. That's worse than a fund where 120k gets you 12k a year. So you wouldn't tie up 1.2 mil in a crappy fund that only earns 1/100th payout. You'd invest in the one earning 1/10th payout. How much money does it cost to make you the money. 100 times is bad. 10 times is good.
Great video, only confusing thing to me is saying to not worry about mortgage insurance because you can refinance, then going on to say don’t take a loan with no pmi with 3-5% down 3.75 interest because you’re stuck with the built in interest.... couldn’t you just refinance that too
Love the videos. Buying one of these "great deals" is easier said than done. In my area, there's 100s of people that are jumping on these fixer upper properties that are selling below market value in a great neighborhood. The day the house hits the market, the property gets bid up to the point where it's no longer a good deal at all. So good luck to ya'll searching for that house that hits all the wickets. It's likely never going to happen. I've noticed there's much less competition on the more expensive but already finished properties that are listed at market value. That's where I'm going. If I can get one of those homes at or slightly below market value, that's a win in the DC/Northern Virginia market.
Noobs say: You should refinance once you get 20% equity to get rid of private mortgage insurance. Pros know you don’t have to refinance, you can just call your lender ;)
Im building my own, 100% cash, the compounding effect once I have multiple properties, will cash flow many new builds per year. Ill catch you one day with your loans still under you. And im giving you a huuuge head start. Great info as always.
My dad had a rental years ago..he said the cleanest people he had renting it was a a guy that had 20 animals..lol But doing a credit check is so worth it.
Kevin you are truly a great teacher at investments. I have learned a lot from you. I will definitely be considering buying your course. I am a commercial real estate investor myself and now looking into investing in houses as well and I have learned a lot.
My dad has been doing the "Lets wait for a better price" for over 20 years. He still owns no rental property. Instead he owns a grass field in the middle of nowhere in GA. The frustration I have accumulated trying to find him a piece of investment property since I was 15 is immeasurable.
I just bought my first property and I’m having to do pretty much all of this besides replacing cabinets and appliances. The bathroom has had water damage so it’s getting gutted.
my issue is i feel like i can get a lot of the labor for cheaper than most since I do a decent amount of work myself or know people who will do it for less. also, i skipped out on a deck repair 3 years ago for $6k, and now its $11k. i also like more peace of mind so with certain things, like roof, windows, plumbing(repipe, usually) i like to do it, write it off, and have peace of mind
I’m confused. GRM means the amount of years it would take to pay the loan off? You divided 1m and 1.2m both by $120k. At 1m it would take 8.33 years to pay off and 1.2m would take 10 years. If you were to purchase at 1.2m wouldn’t it most likely be a slightly better property that you could possibly charge more rent for? Let’s say you bought at 1.2m and rented 10 units for $1,200 which makes it $144k annually. Divide the 1.2m by 144k and it’s 8.33 years which works out to be same as property A. So this could be done in both situations but you’d just have to raise the rent? How strict are relative rental prices for each area?
Kevin is assuming that the rent can't be raised higher than 120k in the area where property is located. At least for the comparable properties. Most of the time you can only raise rent if comparable properties (properties in the same area, same/similar size and with same amount of units etc.) on average, have higher rent rates than what is being charged on your property. Edit: so to answer your question, yes theoretically you could raise rent but it will be hard to find tenants and keep them for longer. Rent prices are usually pretty strict and people don't want to overpay.
I know it might not matter much for the sake of the demonstration, but the “mode” is the most frequent number in a series. That is what it seemed you depicted around 22:20 👍 love all the information though. You are awesome!
Eeyyy! 25:02 a Davie, FL shout out! MeetKevin, has NSU expanding affected the housing market in the area?? I’ll be down there in two weeks, should I buy a rental property if my in-laws run errands for me?
Kevin, do you have videos that breakdowns the cost estimate of renovating? It could be a very long video, maybe make multiple videos for diff parts of the house
Meet Kevin, have you any insight to buying a “Affordable Housing” new builds? Are you able to live in it for a few years and then use it as an INV property? ...Or they not eligible to rent out.
If I buy a new place, I’ll have about $400 negative cash flow due to my current home mortgage. Do you still recommend to buy a good property in this market?
1) Make the house look nice update do not put in expensive upgrades
that get little return in rent
2) always check tenant background and credit score
3) do not buy a house in the hood this will scare good renters away - location is important
4) do the renovations yourself - use contractors sparingly
5) check the house for mold termites plumbing electrical roof HVAC sewer bad foundation and damage before buying - expensive repairs
6) mortgage insurance - avoid if possible
7) found a local realtor to give you accurate comps .. comparable homes with correct appraisal prices .. get multiple comps if possible
8) use the gross rental multiplier equation to calculate value instead of cash flow .. value is the appreciation plus the rents
9) buy in areas and towns you know .. close by so you can check on it
10) calculate cash flow from rent minus costs taxes repairs etc .. appreciation .. and buy as far under market value as possible
11) learn ways to find homes at discount .. buy from people you know personally .. foreclosure auctions etc
12) try out the "deal machine" real estate database
Thanks for the summary. 10 seconds after watching the whole video I had forgotten all of the rules....
Saved me 30 min, appreciate you bro !
A blessing my friend
its nice seeing vids of old school kevin again. back to real estate and advice instead of endless stimulus updates. (i appreciate the updates, but this is a nice break)
Agreed!!!
@Rich Parker can you please shut up
Love these “don’t make these mistakes” videos 👍
I see u everywhere!
Yeah me too. Block block block
@Meet Kevin u genius
Kevin, the frequency you made videos made me feel like I am with you whole day. Nice work and get a good rest this weekend! 👏
uhm, he's married...stop hitting on him.
I thought the same hahaha
I just pictured you laying in bed stroking a cardboard cut out of Kevin while saying that 😆
Kevin I’ve been following you for a long time and I always hesitated to buy your course.. now I regret not buying it when it was wayyy cheaper 😂 worth every dollar still ! Keep up the amazing work
Heisenberg, you make awesome videos.
Made me lol... Had to remember who heisenberg was.
Him and Loran selling Crystal Courses!
It's his energy for me. Even with bad news, the way Kevin delivers it leaves hope
Finally a real estate video! : D
You are the GOAT of Real Estate and Stock Investments! Appreciate all your videos Kev!
This is Kevin's best content, and for some reason gets 10% the views of all the stimulus videos smh
Maybe because he does hundreds of stimulus videos - - all variations on the same title so it's easy for UA-cam algorithm to keep recommending
A lot of people don't have the balls to get into real estate so they don't bother
Kevin... I love you. Chill on the ads please:)
Like it a lot when you post these. Can't wait to get into Real Estate! Will take this advice when I do!
Agreed. I currently have a lack of income, but I'll get there.
@@rmt3589 yessir you and me both will get there!
@@HenryTheIII Amen brother!
@@rmt3589 in the same position as you two, we will get there!
Brilliant! Watching from New Zealand. Learning loads.....
Kevin! How do you feel about the Pokémon card craze?
wait really? LOLLL where are people buying/selling this? on ebay still?
awesome video, lot of value thank you!
As someone who will be buying a home soon with 5% hopefully, I never knew about that built-in pmi (cmhc where I live). That's likely something I would have fallen for had you not said that. I think it would be seriously wise to buy your course before I dive into real estate investing as you've consistently given me quality tidbits
Thank you, thank you, thank you!!! You answered so many of my questions in this one video alone. Especially the 1% rule and cash flow, and out of state investing.
This video made me realize how much I need the real estate program.. definitely going to buy! Very patient and explains it very simple!
You always seem to amaze me with your videos and the way you creatively market your courses🏡🙌🏼
Best thing to do on my lunch break is watch you🔥
Thank you so much this really means a lot Sharing this information with a 16-year-old trying to make his life better just thank you and good bless you
Looool I'm just sitting here listening to your video in the background. I know most of what you're speaking as I used to be a house flipper, then I hear you say "I know Davie, Florida really well" I grew up there too! lol I am saving up money right now to try to buy a mini farm there. I live in Ohio now but I can't wait to get back to Davie
Great video! Thank you for a very informative and well thought out video.
Love this kind of content! Thanks Kevin!
Kevin will hit 1,000,000 subs before a Stimulus deal gets passed
😂😂😂 truth
Meet Kevin, this is why I subscribed to you on day one. You are Super Smart. These video make you want more information. to join your Classes. Or if you can not afford to at least thank you for giving them a head start. Great Job!
Can you do a segment for first time homebuyers or people that are looking to sell and re-purchase in this market? It would be really helpful to a large population of us that are going through this right now
There are still some great deals on the market right now. What market are you in?
Jesus and here I am watching this while calculating GRM for my area and its 21-23 minimum. Market value for 50-60sq meters is around 100k, with rents being at maximum 380 to 400!
Feels bad man! :(
Hey thank you so much for your information, Kevin. I've learned a lot and you have been a godsend to me. Most impactful thing to happen to me during this pandemic has been finding your channel 👊🏽
For derogatory marks on a credit report, I’d probably dig in a bit to see what it’s about before outright rejecting a potential tenant. A bankruptcy filed for medical debt, for example, is going to weigh a lot less on my decision than someone that had discharged some auto loans and a bunch of credit cards.
What an amazing educator.
1,000,000 subs! Getting closer! 🤘
Holy Shit, hes at 1.3m now
pls make more rental property videos! thank you for the amazing content
Sheesh Kevin am already gone but your course as soon as I turn 18 but he keep dropping these valuable videos 😂Kevin’s the best🤟🏾🤟🏾
One benefit of Socal is if you have a old roof you can wait for the wind to blow a few times. If I lose shingles wait a little longer since it rarely rains and get the roof tune up. Id rather spend 300 then 10k. I hate going up on roofs.
This is so true. Just painted the old brown cabinets in my rental home. Thanks kev. Share knowledge
A simple but great video. It's especially useful as I'm starting my first rehab today!
Wow great information! Thank you Kevin! 100% one of the best real estate investing videos on UA-cam.
This reminds me of when Bigger Pockets was all “You should invest in Scranton, because the gross rent multiple is ridiculously low and the average cash flow is very high.”
Cool story bro. I grew up near there. There’s a REASON property values are so low in that area. I would only consider it if the area was on the upswing. Quality tenants are hard to find, the area is rife with poverty and it has been that way since the coal industry died.
Good to see another Noob vs Pro real estate video! Nice to see this instead of more stimulus talk. Because that's not happening
Thanks for coming out with non-stimulus related content. While I really appreciate your amazing breakdowns and giving us the most up to date info on stimulus, I love your real estate content as well. This is what brought me to your channel originally and why I will stay, if you keep producing it. Thanks for listening, and thanks for your hard work in all of these subjects you tackle!
This whole time I’ve been watching you I had no idea you’re from Davie, FL! So close to where I’m from in Cooper City.
Thank you for the education Kevin. The GRM formula is helping me a lot.
Great video.. but wait.. when I hit the 20% equity on my home, I called the bank to remove the PMI, they refused saying even though I own 20% I have to wait at least 10 years ...I hate PMIs
🤔
Same. I believe that certain type of loans you can never get rid of PMI
If you don't have a tv hosting deal within one year I will be shocked. I never GAF about money before watching your videos and the other you tubers doing these great videos during the GME thing. Thank you for your awesome demeanor, easy explanations etc. I wish you had asked Vlad why he allowed selling and only restricted buying, but I may have missed that part of the interview. I have learned more watching your videos than in college courses.
Commenting on an old video in hopes you will reply. 28 here, bought a house in 2017 for 270k. We just refinanced taking advantage of Covid low rates. We owe 250k. With no inspection on the refi our value was 345k. Is it possible to use this equity for a second house downpayment? We do not want to leave the house we are in but want to build wealth
My current plan- I am buying land and putting mobile homes on it. Sells for a $50k Bare minimum but usually $80k net profit. I’m a realtor so that helps but - now I’m doing 6 a year. I don’t need that tax expense so I’m looking to like kind exchange 5 of those and just live off my real estate sales income
Kevin, in your GRM example, are you assuming the property would be purchased as a rent-ready property? If not, would the GRM formula now be recalculated as purchase price + rehab costs + closing costs / gross rents?
I don’t remember the example right now, but yeah, if the property needs work, you would have to adjust it
hmmm... if you had 2 dishwashers, you need less cabinets. you pull clean dishes straight from one dishwasher, and put the dirty dishes in the other dishwasher. no need to put dishes away anymore. it's brilliant!!!
Buying the course isn’t about spending money it’s about saving time and money.
He reminds me/looks like badass Connor McGregor. I like it. If that course goes down to like $250 I would totally buy!
i liked you then i hated you and now i like you again. good RE tips. Thank you
I’m Tuned In Looking To Get Into Real Investing Now Myself
Wonderful professional advice. I like it.
On the gross rental multiplier equation think about as how much money did you spend to make money. So lets say you buy a 1.2 mil home and can only rent it for 1k per month. That's 12k per year. That a multiplier of 100.
Now lets say you bought a home for 120k a year then rent it for 1k a month. That's a multiplier of 10. So in the second case it cost you 120k to make 12k a year instead of 1.2 mil.
Another way to think about it is mutual funds. Lets say you put 1.2 mil into a fund that makes 12k a year. That's worse than a fund where 120k gets you 12k a year. So you wouldn't tie up 1.2 mil in a crappy fund that only earns 1/100th payout. You'd invest in the one earning 1/10th payout.
How much money does it cost to make you the money. 100 times is bad. 10 times is good.
Right now below market is not out there. Atleast not in my area. I’m seeing a 209sqf dry shack on micro-lot listing for $99k, and selling.
My man Kevin said Voltage Drop. Dude I am always amazed by the wide breadth of information that you know and share.
As a licenced contractor and master electrician, I am constantly suprised by Kevin's residential construction knowledge.
Great video, only confusing thing to me is saying to not worry about mortgage insurance because you can refinance, then going on to say don’t take a loan with no pmi with 3-5% down 3.75 interest because you’re stuck with the built in interest.... couldn’t you just refinance that too
Leave a message through my Gmail meetkevin14 for inside tips and guidance
These are all on point! Very helpful to those who are interested in buying a home or investment.
This content is so valuable. Good job! I hit that notification bell for that reason. Can you do one on pro and cons of having 4 or more properties?
Love the videos. Buying one of these "great deals" is easier said than done. In my area, there's 100s of people that are jumping on these fixer upper properties that are selling below market value in a great neighborhood. The day the house hits the market, the property gets bid up to the point where it's no longer a good deal at all. So good luck to ya'll searching for that house that hits all the wickets. It's likely never going to happen.
I've noticed there's much less competition on the more expensive but already finished properties that are listed at market value. That's where I'm going. If I can get one of those homes at or slightly below market value, that's a win in the DC/Northern Virginia market.
Noobs say: You should refinance once you get 20% equity to get rid of private mortgage insurance.
Pros know you don’t have to refinance, you can just call your lender ;)
Love your content and humor. Stay strong!
Kevin needs to do a Mad Money parody before his hair grows back in 😂 😂
Yes
Genius!!
YES!
You forgot to mention,listening and watching your videos for financial advice!
Im building my own, 100% cash, the compounding effect once I have multiple properties, will cash flow many new builds per year. Ill catch you one day with your loans still under you. And im giving you a huuuge head start. Great info as always.
One of your best videos imho. I learn a lot from your real state videos. Thanks
My dad had a rental years ago..he said the cleanest people he had renting it was a a guy that had 20 animals..lol But doing a credit check is so worth it.
Can't believe there's still no stim... Oh! An OG Meet Kevin video.
@sean flemming I don't understand.
Geez Kevin you’re really knowledgeable man, gotta give it to you! Thanks for the information, wish I could be a genius like you 😭
Thanks for the useful tip
Great video Kevin, always have to grab pen and paper when you have videos like this!
Kevin you are truly a great teacher at investments. I have learned a lot from you. I will definitely be considering buying your course. I am a commercial real estate investor myself and now looking into investing in houses as well and I have learned a lot.
My dad has been doing the "Lets wait for a better price" for over 20 years. He still owns no rental property. Instead he owns a grass field in the middle of nowhere in GA. The frustration I have accumulated trying to find him a piece of investment property since I was 15 is immeasurable.
With all due respect, why don't you show him by example?
GA has good, appreciating areas too....(long-term hold or flip or short-term hold+flip)
I just bought my first property and I’m having to do pretty much all of this besides replacing cabinets and appliances. The bathroom has had water damage so it’s getting gutted.
Hi Kevin, thank you for all of your great content.
Some haters in here. Kevin's video is 30 minutes long but you dislike it in 30 seconds. Kevin you are amazing!
my issue is i feel like i can get a lot of the labor for cheaper than most since I do a decent amount of work myself or know people who will do it for less. also, i skipped out on a deck repair 3 years ago for $6k, and now its $11k. i also like more peace of mind so with certain things, like roof, windows, plumbing(repipe, usually) i like to do it, write it off, and have peace of mind
Can you do a video on buying mortgage notes from banks? Im interested in what your stance is. You seem to be very knowledgeable. Thanks!
Kev the master! Our daily updates from the investing guru 👏
I’m confused. GRM means the amount of years it would take to pay the loan off? You divided 1m and 1.2m both by $120k. At 1m it would take 8.33 years to pay off and 1.2m would take 10 years. If you were to purchase at 1.2m wouldn’t it most likely be a slightly better property that you could possibly charge more rent for? Let’s say you bought at 1.2m and rented 10 units for $1,200 which makes it $144k annually. Divide the 1.2m by 144k and it’s 8.33 years which works out to be same as property A. So this could be done in both situations but you’d just have to raise the rent? How strict are relative rental prices for each area?
Kevin is assuming that the rent can't be raised higher than 120k in the area where property is located. At least for the comparable properties. Most of the time you can only raise rent if comparable properties (properties in the same area, same/similar size and with same amount of units etc.) on average, have higher rent rates than what is being charged on your property.
Edit: so to answer your question, yes theoretically you could raise rent but it will be hard to find tenants and keep them for longer. Rent prices are usually pretty strict and people don't want to overpay.
Great content Kevin! More RE vids please!
What if the roof has 4 layers of shingles on it? Leave it or replace?
Wow this advice is incredibly useful thank you
I’ve been missing these real estate videos! 👍🏾😎
Thank you for this looking to buy rentals next year. Your hair looks good at this length. Where did you get that coat it's nice.
Kev thanks !!! I jus had awakening!!! This is awesome!!!
I know it might not matter much for the sake of the demonstration, but the “mode” is the most frequent number in a series. That is what it seemed you depicted around 22:20 👍 love all the information though. You are awesome!
What about top 10 things to be sure TO DO?
Eeyyy! 25:02 a Davie, FL shout out! MeetKevin, has NSU expanding affected the housing market in the area??
I’ll be down there in two weeks, should I buy a rental property if my in-laws run errands for me?
Kevin, do you have videos that breakdowns the cost estimate of renovating? It could be a very long video, maybe make multiple videos for diff parts of the house
Kevin u da man .. u inspired me to buy a house .. I’m going to start looking rite now..
thanks for the tips
Great video! Keep up with the real estate videos!
Congrats, you hit 1mill subscribers!
I love real estate! Definitely planning on buying real estate when I’m 18, great video btw
By the time you are old wonder how high the property taxes will be haha sucker.
im only 6 years old, i cant wait either.
By "comps" u mean competition?
Meet Kevin, have you any insight to buying a “Affordable Housing” new builds? Are you able to live in it for a few years and then use it as an INV property? ...Or they not eligible to rent out.
So much freaking value here! Wow!
I looked in the description for "deal machine" and don't see it.
If I buy a new place, I’ll have about $400 negative cash flow due to my current home mortgage. Do you still recommend to buy a good property in this market?