However, he revealed his is among a group that includes academics, economists, transportation officials, and architects currently writing a book entitled "Lower Manhattan 2020."

They lowered the asking price significantly to gain interest (after trying to sell by auction).

Not only can they identify problems/necessary repairs, but the report can then be used as a negotiating tool with the seller to either have all the items fixed, or lower the price.

So you must be realistic about expenses and be sure you know where the money is coming from to pay those expenses.My suggestion, if you are certain that the house is a good one to own, is that you make your first offer to the bank lower.

If they can operate the business better than my property management company and have lower vacancies and repair costs, they may make even more than $110K profit - good luck to them. :)I'm not looking at REITs etc because 1) I like to have more control over my investments, 2) I can't leverage to the same degree, and 3) they generally have much lower ROIs.If anybody understands what I'm describing and knows if I'm using the appropriate terminology and can provide any advice, I'd be most grateful.

The higher the desirability of a property the lower the cap rate.

And that is putting the place out for a lower price than everything else.

So, thanks to the falling we're seeing now, house prices in real terms will be lower than they are now.Now, because there are short term fluctuations, the prices might actually be up or down exactly 20 years from now.Nominal prices will likely be higher.

You could also contact your local real estate investment club (see the resource link at the lower left side of the BP page) and ask around for who the successful investors use.

Some foreclosed people in my area are looking for a rent to own deal to jump into with lower payments than they were previously paying.