And I’d invest in Detroit for sure. Urban farms are the hip new thing.[/quote]
………Then I would recommend the search button in the upper right hand corner, because the questions you’re asking we’ve covered here….But to answer some of your questions…
*shadow inventory…Yes, possible. A lot of piggs here don’t care, because we’ve come to the conclusion that banks versus retail buyer, retail buyer loses. Because either banks will hold on to the inventory, end up being landlords, or sell them in bulk to private investment groups, whom in turn will put it on the market close to retail. In any case, very very unlikely you will be seeing 50% off on a beachfront property.
*areas of rental property. No agreement here. I guess you just need to be in the ground floor or partnering with a trusted agent or others in the area to make a judgement call.. If you have to ask how much rent is an area XYZ, If you don’t know which areas have mello ruse (sic), what the prevailing property tax is in a given area, and what the approximate HOA for a given condo/townhome/home in a given area should run, you probably don’t know it well enough to be investing in that area yet imho. And, BTW, you’re not the only one trying to get 7%+ on rental property..A LOT of people have been looking for some time.
*about listingbook.com…sdlookup.com is popular around here, as well as redfin, as well as houserebate.com
*about self representation without a RE license.. Good luck…I think most selling agents won’t want to deal with you, unless you allow them to represent you. Because if it really is a good deal property, you can bet there will be more than one offer with representation, an in many cases multiple offers.
