I've found profitable deals on the mls, but not often.

These areas are cheaper and often offer better cap rates.

REO's often have additional requirements like proof you have financing lined up.Assuming you and the bank come to an agreement, the purchase contract goes to a title company or closing attorney.

I do not sell often.4.

Lastly, keep in mind that around colleges & universities, property is often sold at a premium price and then it may be in substandard condition.

Safety and Security are ALWAYS the number one concern of tenants, and they should be yours as well.

Visit a few FSBOs and you'll find that more often than not, they're priced higher than the agent listed homes in the same neighborhood - believe me I know.

People who start too high and then try to "chase the prices down" often end up sitting, often with 2 mortgages which can make them desperate.Anyway, despite the fact that we would like to buy in OR (although we've all but scratched the Rogue Valley) we are going to sit and wait.

John, One thing a lifetime in big iron has taught me is that numbers never lie....but they can sure be twisted and baffling, often times subject to perspective, interpretation and even distortion ( try politics ).Here are some more:Actual Foreclosures, or more correctly REO's ( pre-foreclosures not included ) are running at 130,000 a month.

The simultaneous drop in home prices means those borrowers are often unable to sell their homes or refinance their way out of trouble.Authorities said the type of transaction McLeod abused can help homeowners if used properly.