Stunning!

It is the gateway to the Us for Latin America, and lots of europeans and asians flock here too.

We were there last here and I'm stunned with how that area has grown.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookCheck out great way to build business,Asian Real Estate Association of AmericaFounded in 2003, the Asian Real Estate Association of America (AREAA) is a nonprofit professional trade organization dedicated to promoting sustainable homeownership ...areaa.orgBrandon Turner did a great job on The Real Estate Agent’s Ultimate Guide to Working with Investorshttp://www.biggerpockets.com/renewsblog/2013/08/24/real-estate-agents-working-with-investors/Good LuckPaul

New mortgage originations fell over 23% month-over-month and a stunning 47% year-to-date according to Black Knight (formerly LPS).

We talked a lot, I gave him a proof of funds, I worked with his agent, I visited one of his rehabs, then, when he finally made an offer and it was accepted he bailed on the deal by not bringing his emd to closing, both the agent and I were stunned.

I interact with the Asian community alot and  I can tell you for a fact they are dominating the market as cash buyers. 

I have been active on the internet lately promoting some properties.I received an email asking if i needed use of funds and for what for from a direct internet connection.I responded with:Transactional funding use of funds for 24 hours or maybe up to 3 days maxRehab funding acquisition to disposition 6 months use maxLong term hold funding acquisition, rehab and paying back the loan with funding from tenant funding 10 years if acceptable.Odd things:1) Speaks broken English with complete American Name (Sounds Asian)2) Uses a google voice number3) Asks if i am married4) Calling me several times asking me the same questions that i had already answered.5) Gave terms but never said anything about approximate value of property that he would loan on ie 65% LTV 70% LTVTerms:10% down and 5% Interest from $50K to 1M send a copy of my license.

If I'm balling all u around me will be stunning believe dat!!..

Now, lots of young professionals have bought properties there that were completely gutted, rehabbed and are now quite stunning and worth 400K + and up to almost 2M.