What I've noticed in this market is that MOST of the foreclosures and Bank owned properties are from failed flippers. Yes...people are struggling to keep their homes, due to loss of income and the economy in general. BUT I would have to say that 70% of the vacant homes I've seen are due to failed flipping.
What I've also noticed is that the DEALS are INCREDIBLE! A lot of my calls are from 40-somethings from up north looking for deals to rent out now, but retire to later. GREAT IDEA! Now is the time to do that.
I'll write more later. If you have questions or ideas...
MaureenVelilla@aol.com or
www.NotJustAnAgent.com
Tuesday, December 30, 2008
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