For low income, older neighborhoods in metro areas, a reduction in buyers, and in general a reduced investment (by both fewer investors and cash strapped municipalities) will create further decay and downward price pressures.

Having a license should indicate a certain baseline level of competence and seriousness, so I am hoping it will help in a) getting access to the MRIS and b) getting someone who can help me out as a mentor.Curious to get other thoughts though.jon

We are a bubble based economy, the rabbit is chased from one bubble to the next.The money appears to flowing from the stock market.If true, the trend indicators say the stock market is running out of steam, period.

I indicated to the realtor going in that I wanted to pick up properties for no more than 50-60 cents on the dollar to flip to my end buyer.

If you have much money you can do good deals here, but with fewer money you have no chance to invest here.

There are so many answers to basic investing strategies out there now in so many websites that fewer and fewer new members are going to ask questions that have been asked previously.

Factors that indicate that a taxpayer has the benefits and burdens of ownership include: 1. the right of possession, 2. the right to obtain legal title upon full payment of the purchase price, 3. the right to construct improvements, 4. the obligation to pay property taxes, 5. the risk of loss, 6. the responsibility to insure the property and 7. the duty to maintain the property.

The most important factors will be your ability to pay and your willingness to pay.For example, if I found out that your credit score was low, that would indicate to me that you didn't always pay your bills.

Comps in the area with fewer bathrooms go for 65k.

I think NO and southern LA should be an area that has several opportunities and fewer that the normal investors who will attend the sales due to the perception of how bad these properties are.