There is always opportunity in real estate, depending on the market conditions in the area, there is always a strategy that can be applied to be profitable.

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i was looking into buying a property that needed a loan under $50k about a month ago - one mtg broker i spoke with said that especially w/market conditions right now that almost all lenders need a loan amt of at least $50k for an investment prop, and a max 90% LTV loan.

However, with radically changing market conditions here, a new plan was clearly needed.

Yes, you are correct... sounds like he is in not that bad of condition financially.

Ask the seller what the condition of the property.

Changes in the market conditions based on something that is not just natural rises and falls.

However it is the low paid immigrants paying into the social security system that will keep it from collapsing.

It's your job as the investor to determine if the purchase price versus what they are conditioned to paying in rent makes the deal work as an investment property.You can do it.

I have a client looking to buy some single family properties but cannot find financing because he doesnt have a social security number...