At the end of the civil war it was the carpet baggers coming to "help" the South.Our government is throwing money around ...and new laws around... which no one understands and the banks are changing management staff, as well as the rank and file instead of dealing with the problem systematically.

i dont know...i do know at $300 it still makes damn good cash flow...the property is still marked active and not UA yet...but i have a hunch its going to be foreclosed onim also not worried about having an empty apartment, thats part of the game...in my market i can fill these 3 or 4 bedrooms in this neighborhood very fast even in the winter, they are way above average units...if i can get it at $300K- great if not o well...im not planning on getting this one, bc there is another (supposedly) offer that is higher...there is a chance the realtor was pulling one on me, but from the start i said i'd go to $300K, therefore i started at $270K

Hi Sarah, As an investor you'll be tracking local market indicators, neighborhood pricing trends and of course properties.

If done right this helps people who do not currently ave the ability to buy to own a home... and when I fix up an EYE SORE home I help the neighbors and provide a good rental or owner financed home for another family.When I work with the "infill" development , we take unusable homes tear them down and rebuild brand new duplexes to rent to affordable housing needs (sec * and FEMA) and sell the Duplexes to investors that are like minded and want to better a neighborhood while they invest...I think I can some up Investing in real estate in " Instead of just making Money..

I've got a nice place Santa can rent -- he should fit right in since no one else in the neighborhood seems to work more than one day a year........

For example, our loan is an ARM & our house was appraised at a higher value than similar homes in the neighborhood were selling for brand new at that time.

NEW YORK (Reuters) – Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ever.The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L.

In my lower end blue-collar neighborhood rentals I agree with Mike.

Get a feel for the neighborhood.

Now it's coming soon to your neighborhood.