The people that actually do business in Phoenix will be the first to agree with you and Albert that it IS a tough market right now.Yes, there will always be motivated sellers with distressed properties, but the inventory of distressed properties is lower in most major markets.From CNBC Sept 3 ~Home prices are also trending higher in part due to the fact that there are fewer distressed properties for sale.

Leading to a Brexit from the European Union, like Great Britain just did.

I like this product for local landlords and have funded literally over a couple thousand of them.. but as a funder I will not fund to anyone that does not live within an hour of the asset when your talking those price points in MAJOR MSAs  but get out into the little burbs or lessor known communities and these can go well.. but in most major MSA's those price points are squarely in the roughest neighborhoods bordering on war zones if not war zones..  

I’m new to real estate investing and would like to know if there is any information on European or even Austrian real estate investing on this platform!

If you factor in most major grocers run 45 - 65,000 sf (some even a little larger), this is one factor that will help determine what might be done with the remaining, in addition to things like overall size of the site, how much is buildable, population density, parking ratio requirements, etc.  

I include most major components in my initial Rehab that is not projected to last more than 5 years.  

And in most major cities those accountants are former or current Big 4 -- you are going to pay 300-500/hour for a staff and probably 1k+/hour for a partner, but worth it for a high net worth individual.

I believe it was 8 days ago when European flights were banned and the NBA season was cancelled. 

The price is still by far far far too much for me to be able to afford it for myself but I think, there would be high profit to try to do some online marketing and cooperate as a middle man between seller and buyer, make my own marketing listing, put higher price on it and pray that seller is honest enough that he will really send me the difference in price for my profit to via bank wire transfer to my European bank account.However there is a problem: The original listing ( *** ) was on agency's website.

@James Colon, with most major cities/urban centers, it depends on the area of New Haven.