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rookieNYC
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Re: Best areas for realestate
«
Reply #15 on:
August 15, 2011, 01:54:46 PM »
invest,
I look at extremely undervalued businesses with strong cash flow...Anywhere from 500k-$2mill...Typically we look to buy the debt of the targeted company as a first step...
Im unsure what area of business you are in ,but I suggest you stay in your area of expertise when searching for opportunities..This makes it easier to guage the strength of the deal..It also allows you to find qualified people to back up and service your debt..
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inve$t_
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Posts: 13
Re: Best areas for realestate
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Reply #16 on:
August 15, 2011, 06:14:10 PM »
I'm no where near the $500k-1M mark.. I'm in my late-20s, live in NJ, and have $100k equity in my home and about $50k cash that I need to do something with.. but I don't know what...
I heard a story recently about a gas station that was being sold by a distressed seller. The buyer was actually one of the attendants who gathered some family members together and now they run the business. That one deal was a life changer for them. I know these are rare, but I wish I could fine a deal like this!
I took some time off my j-o-b to figure out how to make passive income but so far, haven't had much luck. well, doesn't have to be passive, I'll work my rear off but it's tough committing to anything right now if I don't see big growth potential in it
«
Last Edit: August 15, 2011, 06:18:53 PM by inve$t_
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BAH6
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Re: Best areas for realestate
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Reply #17 on:
August 30, 2011, 07:36:08 AM »
Washington DC Metro area is on fire. The Government created over 55,000 new jobs last year. People are moving in to work and with home prices down the market is very competitive. We are back to multiple offers and deals above listing price here. Great time to be flipping and holding!
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DaveVelasco
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Re: Best areas for realestate
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Reply #18 on:
October 20, 2011, 09:50:47 AM »
Texas is quite good these days, as well as Michigan. Both has good real estate markets theses previous months and it's quite getting better now.
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allisonables
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Posts: 10
Re: Best areas for realestate
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Reply #19 on:
October 25, 2011, 11:10:23 AM »
My area is neutral. One day there is an article from Inman calling Gainesville FL the third best place to invest. The next day there is an article on AOL real estate calling it the worst. Go figure.
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LVVR
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Re: Best areas for realestate
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Reply #20 on:
November 30, 2011, 05:43:04 AM »
I'd say Las Vegas is a nice area to buy cheap foreclosures in. Not only that, but the food and lodging here is cheap because of the Casinos. Weathers nice too which is an added bonus.
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