Why people settle for single-digit cap rates when there is SO MUCH inventory right now I don't know!

I wonder if Josh knows about this quirk.http://www.bloomberg.com/news/2010-08-12/foreclosure-crisis-spreads-across-u-s-as-defaults-jump-in-idaho-illinois.html

Well the good news about these ranking is that our illegal immigration problems will be solved.

Digital cameras make very good pictures even if they're not pro quality.

I think that I cannot go much smaller than this but the good news is that the prices don't seem to vary that much (for used ones that we found) from size to size.

Pbm is they either do not understand that they r owners no more and or being misled by some folks who prey on foreclosure victims.Only thing we heard back from them was thru someone claiming to be an investor who asked the listing agent to back off and stop bothering the owners.We ve upped the cash for keys close to 5 digits and still no feedback.

It is impossible to say whether or not it is a good deal without knowing the area better, but here is a quick-and-dirty:Annual Gross Rents => $360*8*12 = $34,560=> NOI ~ $17,280=> Cap Rate ~ 8.6%Double digit cap rates are common right now if you look for them....especially in class C areas which appears to be the case with this without knowing your area well.

As to the runaway appreciation of double digits, that's gone for years to come.

(pdf link) http://www.freddiemac.com/news/pdf/interventions_in_mortgage_default.pdf

I am looking to network and invest in the Hampton Roads (Chesapeake, Norfolk, Suffolk, Newport News, Hampton, & Virginia Beach) area.