I'm sure it's probably on the up and up but convincing an American buyer would be difficult...

It seems to me that it would be worth the difference between the value of the house and the balance of the mortgage(s).Originally posted by "Ohio Realtor": By the way I would be willing to give a quit claim deed to the capitol building if anyone would like to buy it cheap.

For example in Chicago, it is difficult to find a deal that cashflows on the northside or suburbs, but head south or even to NW Indiana, and you can pay retail and still cashflow.

If you start going into facts you know about such as the mortgage balance, etc.

If you do this it will be much more difficult to get properties under contract in the future, but with effort it can be accomplished.

But, you have to think about the risks involved to ensure you have exit strategies in place, have enough money put away, are capable of handling major issues and/or have someone to help who does know how to deal with them.As Mike said, the risk is there, but once the research is done and the deal has been weighed in the balances, good deals don't have nearly the risk involved because we've planned for it.

Not to my knowledge, unless the mortgage balance(s) exceed anticpated proceeds from sale... then you would mortgagee preforeclosure short sale approval.

One thing for sure is having a reale state business makes corporate lending sometimes difficult as its considered very risky.

I live in Georgia and understand the incredibly high prices of California would make it difficult to find a deal there.

Here in Hawaii, where rents are much higher than the national average (we're actually highest in the country according to many surveys/studies), it's difficult that repairs and other associated costs could take that big a chunk out of the high cost of the rent.