I like my northeastern neck of the woods...

:D Not to say that it doesn't require very specialized knowledge to acquire property at these numbers and it does require an active investment role, but it is still VERY possible in many markets.I understand your point about the market balancing itself, which is why so many California investors are buying in Texas, but the market in my neck of the woods is still very strong for rental property.

I have a verbal contract with the seller to buy it for $217.The plan is to write the contract to require the property to appraise for $271,250, which give me exactly 20% in equity.Problem is, a real estate agent friend of mine (who I think is sort of full of it) told me that appraisers will have the sales contract with them, and will not stick their neck out much further than the contract price.If they are going to stick close to contract price, what good are they?

He ended up breaking his neck and ending his career in the blink of an eye.

(in fact you'll soon, likely see distributors in your neck of the woods)The municipality would have to file a lawsuit in a completely different state...Do you know how hard it would be tosub poena phone records..About a year ago..Locally... a detective kept calling our front office... and asking about customers... of course we said we don't know... and the truth is... we don't have a database that correlates number on the bandit sign with person...

Did he not see the bright red cape around your neck when you got out of the car?

OTH, if I didn't have spit and poor credit and somone was willing to stick their neck out, management of RE is about 10% and anything over that becomes questionable.Who brings what to the table and what it's worth is a better way to look at it, not an arbitrary %.

Big burly guys that chew tobacco for breakfast, drive jacked up 4x4s, and probably have a scorpion tattoo on their neck.

Every single December before the winter rush we have here in New England the hair on the back of my neck stands up worrying about mass vacancy in one of the busiest seasons of year.

He like the area and said there was some opportunities out there in your neck of the woods.