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I have had several people come through open houses looking at the possiblity of buying rental property. Many of these people are shopping in neighborhoods they know nothing about. I think it is imperative that if you are buying your first investment property, use an experienced agent who has sold rental property, owns rental property and will offer assistance in getting the first renter. In the heydey of easy lending, many homes now in foreclosure were sold to people who had no idea what they were getting into. They couldn't find good tenants and have let the properties slide.It is a great time to buy investment property. Banks have low down, non-owner occupied low interest mortgages on their repos. Be sure to e-mail me if you need help or have a question.
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For Sale: $539,950