RISKY REAL ESTATE: Why the pros say 'it's not great environment for an investor'
several economic headwindsAaron Drucker, senior director at digital mortgage lender Milo, told FOX Business that "it's not great environment for an investor today."
The riskiest properties, according to Shaun Greer, senior vice president of revenue at Sundae, are ones that are much higher than the median sales price in the market, while real estate that is priced at or below the median sales price in the market after it is rehabbed is the least risky. For example, if the property is in a flood zone, which is highly likely on coastal areas such as Miami, then investors will need flood insurance, which is increasing in price.
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