Buying properties in Worthless/undesireable/unsafe neighborhoods.6.

It is a small little neighborhood.

Spain currently has a 20%+ unemployment rate so vacancy rate needs to be confirmed in your neighborhood based on how fast units rent out but 1 month vacancy rate for example is a good start. it could be 2 months average vacancy rate.

I've done a bit of driving around to become familiar with my neighborhood & surrounding areas.

I use this example to show you what I mean in regards to numbers.The neighborhood is stabilized and there has not been a murder within a mile of the property in many years.

If you have 30 - 50k cash ther are some foreclosures that are unbelievable deals, and they are in Middle to Upper class neighborhoods.

Obviously, individual neighborhoods will have different rates of change, but this is a good general overview of what's been happening here.

Keep $60 000 in a savings account to cover unexpected costs and expenses while you gain a little more experience about real estate investing.Secondly, try to purchase a fourplex in a "good" neighborhood for around $150 000.

You're likely either looking for a good retail listing agent (if your leads have equity and are interested in selling) or you're looking for a good short sale agent (if your leads don't have equity and want to sell short).If you're looking for a retail listing agent, drive the neighborhoods where your leads tend to be, and look for the agents who seem to be selling the most houses in that area, that price range and that style of house (you can see the agents by the signs they put in the yards).

You can go to a neighborhood, do a street view, look around and if you see a property that looks like it may need a little attention, etc., zoom in, get the address, look up property info, and call the owners.