It is not a replacement for a through analysis of a property as every situation is unique.

Finally, can anyone recommend REO agents in Oakland County MI that works with investors, for as a cash buyer my group wants to fix and flip in high end neighbors?

You are not required to explain it to them or discuss it.TREC 535.16(c):(c) A real estate licensee is obligated to provide a broker price opinion or comparative market analysis on a property when negotiating a listing or o?

Do that with several brokers and see where the over laps are in that analysis, especially on the ares to stay away from.We also like to talk to the local police.

Agents do their short sale marketing and sellers respond when the lender finally gets serious to foreclose calling the agent saying, "we would like to short sale and our house goes to auction next week".

@Dion DePaoliWould you recommend a "subject to" appraisal as well as a final appraisal after all repairs are done?

Give me a shout when you when you finally consider apartments.

Hi, I'm a new investor and still gathering info before getting my feet wet.my goal is to generate a positive cashflow, while hoping that the property also increase in value (not a big jump, but at least on par with inflation).from the get go,my mind was set on a single family home or a duplex.. until recently someone mention that a condo might be a better investment for greater positive cashflow.With condo, there's a condo fee but the price will be lower, and I don't have to maintain any lawn or replace a roof..I'm trying to figure out if Condo is the way to go.here's my current analysis of a Single home vs Condo:Single home: Price $160K, tax 3600, ins 700. 20% down at 4.25% interest. it can be rented out for 1500/monthCondo: Price $45K, tax 1800, ins 350. will buy in cash. can be rented 500-600/month.

Hello all, Just over one month ago I finally closed on my first multi-family property.

row=3It looks like a good place to start your analysis of your local area.