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Updated over 15 years ago on . Most recent reply

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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
3,498
Votes |
5,700
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Lets' see who knows what, and why.

Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Posted

There are a lot of posts on here about what area to buy in. Many know that my faves are TX and certain parts of FL. I see lots of chatter on the same 2 states from investors that aren't area bound.
So,,, Lets' hear it. Both from actual investors, and prospective investors.
Texas? Why?
Florida? Why?

If you have a different location you feel REALLY good about, tell us about it and WHY you feel good. I think this would be a single thread where all the input could be batched together for consideration. One stop shopping for where to invest and why. OK, state your case for your faves. Rich

Most Popular Reply

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233
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Matt Mathews
  • Real Estate Consultant
  • yucaipa, CA
109
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233
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Matt Mathews
  • Real Estate Consultant
  • yucaipa, CA
Replied

SoCal, specifically the Inland Empire is a gold mine for Seller Financing & L/O deals. Why? My own back yard for example; Yucaipa, Redlands area.. is comprised mostly of Pre-Post Retirees with little to no mortgages. Older seniors also have numerous properties and land that they own. They of course want to sell but with the economy and market the way it is: Their stuck!! Not to mention, they lost money in the market and those big dividend checks have virtually stopped coming in. To add insult to injury, SS checks will not be going up for at least two years. Combine that with ultra low CD interest rate and you have a perfect win-win opportunity for seller financing and/or a Lease Option. 3-5yr Option isn't hard to pitch. So, if your feed up with Short Sales and REO's-Give me a call!!

How was that Rich??

Mathews Realty Group.
Investment Property Specialist
Retirement Advisor
Eco Green Certified Agent/Broker

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