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  • 133 Contributions
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westridge88 wrote:

Investment homes in Birmingham Al?

Response
Thanks Rob...I am headed there on wednesday and I am meeting a guy who seems to know the city well.  Now that it looks like the tax credit will not be extended for the average joe it gives me more time and selection... and lets not forget lower offers :-).  I am going to start with one SFD and if it goes well and cashflows properly I want to pick up a few more for passive income.  I have also made two other offers on west valley AZ properties but I keep losing to FHA high bidders...some of them were bidding 20k over asking.  "recipe for disaster".  I set my cash price and walk if they dont accept.
November 01 2009
(0)

Investment homes in Birmingham Al?

Response
AZRob,Do you or any of your collegues have any major negatives about Birmingham...I am just at first stages of DD.  What attracted me to Al was the ease of satisfying the 2% rule for landlording.  Any comments positive or negative are appreciated.
November 01 2009
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Investment homes in Birmingham Al?
I am looking to purchase a few homes in Alabama for rental purposes.  I am looking in zips: 35228, 35215, 35211, 35208, 35206, 35217.  Can anyone comment about the rental market and type of neighborhood of any of these zips.  These would be 3 bdrm single family residences.thx
November 01 2009
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In order to sell my house can i negotiate the agent fees?

Answer
It is truly amazing how well the RE brokers have fended off the discount brokerage concept...they have essentially scared sellers into thinking that full price realtors wont show discount realtor homes...its truly absurd.  This actually does occur which is completely illegal...One day the realtor concept will be in the same position as the travel agent is now...replaced by technology and diligence by the buyer.  The concept of discount brokerage will eventually take hold.
September 09 2009
(1)

Anyone with extra cash...got a life changing stockplay for you

Response
I told you so!
September 08 2009
(0)

massive foreclosures poised to strike in CA

Response
Dude,I am selling cause I have made my profit margin...80k clear in 3 months
August 02 2009
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US Housing clip July 27-09
http://watch.bnn.ca/#clip197538
July 28 2009
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massive foreclosures poised to strike in CA

Response
AZRob,I know your view on the market already but I am wondering where in greater phoenix you would buy a condo for investment...Im not looking for the 20k dive...say 70k-120k in a decent neighborhood...reasonably close to golf.  Condos have been hit very hard and with prices so low on SF more people are buying homes instead of condos.  I have sold my first inv. SF in AZ and now have a short sale SF under contract...hope to sell within 3 months....I am however looking at the idea of adding a condo to my holdings.  Any info would be appreciated.  Email me if necessary.thx
July 27 2009
(1)

Should I buy it?

Response
Your comments are well taken rob...the fact is that there are some bank owned properties that are steals (i guess this is my point)...mine was one...so I was able to throw some paint on the walls and slap a sign on it when inventory dipped.  It appraised for a fair amount more than the sale price so I feel fine about it.  As for the location its in Maricopa County in AZ.  I paid between 150 - 175k for the property
July 16 2009
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Should I buy it?

Response
Some of you constant doomers pzz me off....in some areas inventory has fallen substantially and prices have risen...I bought in mid aprill 09 and have recently sold  for 100k more than my purchase...take your blinders off doomers...things are changing.
July 16 2009
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