Not looking for 50% off beachfront, just looking for decent deals in the neighborhood of 7% cap. Basically, so it makes money rather than breaking even or being a financial drag in the short term. As far as bulk sales, they’re a possibility, but they’re moving forward cautiously and there’s also legislation pending in the CA State Assembly to prohibit them.
Areas: I’ve identified at least one area. I was asking for opinions of that area, and other interesting areas. I have friends in the SD area, have done quite a bit of research, and have spoken to some trustworthy brokers. As well as pulling comps on rents. If you can’t answer w/o being snide, don’t bother at all.
Listingbook.com: thanks.
Self-representation: that’s sort of bizarre and annoying. Where I live, it’s typical to call up a broker or go to an open-house, view the property, and drop an offer via a one-liner e-mail or even verbally. Assuming a non-distressed sale, broker asks seller, broker gets back with a response or counter within a few days. Easy and oddly painless.
