All Forum Posts by: Nick C.

Greg,

Pinellas and Hillsborough area great. We haven't stayed entirely off the international map, but enough so that prices aren't skyrocketing like they are in Miami, Ft Lauderdale or Orlando. But our rents are still very strong compared to purchase price. Everyone wants to buy near South Beach and Disney World I guess. 

I think you will have difficulty finding duplexes or quadplexes in an up and coming area with good schools. This is a very general rule, and there are exceptions, but for the most part the smaller multi families are either beach side and super expensive, or they are in bad areas. Lots of small units, 1br/1ba's or 2br/1ba's, not very appealing to middle class families. 

Best of luck!

@Cass- Find a local realtor who specializes in negotiating short sales and have them take your offer to the bank and try to negotiate the short sale for you. You can be the end buyer and get the house, the seller gets out from the debt (break even as you stated), and the realtor can collect a fee and a commission. Everyone wins. 

This generally only works if the seller is behind on payments and the house doesn't have much retail value.