the housing market....

[kosar]

have you checked out youngstown? properties there are going super cheap and it does look like they have a decent plan for rebuilding that town.

look at this house that sold on ebay. man, what a cheap price for that house. it would be triple or more in most places in the country.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=300079752442#description

detriot might be a good place for picking up houses to rehab and flip or rent.

i'm not experienced in that biz but have done some reading and checking around.

for instance....youngstown, ohio

there are many properties you can snag for, say, 15k put 20k of work into them then get them appraised for 70k finance 50k put 15k in your pocket and rent them out to cover your mortgage. :shrug:

am i making it out to be easier than it really is?

I would be extremely cautious about investing in Youngstown.

I was born there and lived there until I was 7 and still have tons of extended family in the very nearby area. I go up a couple times a year, and that city, since the steel mills shut down some 25 or so years ago, is a dump with almost no hope of recovery.

I'm not sure what plan for rebuilding Jackson is referring to, but i'd be interested in seeing it. Nothing has changed there, at all, in decades. Well, not for the better, anyways. It is dirty, dangerous and has no downtown that you would want to be any part of.

Even adjacent cities somewhat known as affluent (compared to Youngstown anyways) like Boardman and Warren, have become drug and crime infested.

Good luck finding good tenants anywhere near there, and if you go there to look at properties, bring an armored humvee.

 

[MadJack]

I would be extremely cautious about investing in Youngstown.

I was born there and lived there until I was 7 and still have tons of extended family in the very nearby area. I go up a couple times a year, and that city, since the steel mills shut down some 25 or so years ago, is a dump with almost no hope of recovery.

I'm not sure what plan for rebuilding Jackson is referring to, but i'd be interested in seeing it. Nothing has changed there, at all, in decades. Well, not for the better, anyways. It is dirty, dangerous and has no downtown that you would want to be any part of.

Even adjacent cities somewhat known as affluent (compared to Youngstown anyways) like Boardman and Warren, have become drug and crime infested.

Good luck finding good tenants anywhere near there, and if you go there to look at properties, bring an armored humvee.

thanks bro. i did some research on youngstown and got similar results to your description and wrote the guy that sells properties in youngstown to tell him what i found out. the guy went nuts slamming my sources and pretty much convinced me the town is making a comeback. that was a few weeks or month ago and i haven't given anymore thought about it until this thread.

you get what you pay for i suppose.

 

[buddy]

Housing Problem -

Client: "Doc, I have a problem. Sometimes I think I'm a teepee, other times I think I'm a pup tent."



Doc: "I know what's wrong!....you're two tents!"

 

[AR182]

believe it or not the guy who gave me the most info when i started this 11 years ago was carlton sheets. one night when i couldn't sleep i put the tv on & his info-mercial came on about buying properties with no money down. of course it's a gimmick about buying r.e.with no money down but i did buy his start-up package.his package included how to..on drawing up leases, in dealing with tenants, etc....

i then found a landlord organization ($75 annual fee) in phoenix that is comprised up of landlords (all type...multi-family, single family, commercial, etc...), real estate attorneys (free half hour consultation), & other businesses that pertain to the rental market. the arizona multi-housing assoc. supplies it's members, for a small cost, with ready made forms...ie...leases, 5 day notices, eviction notices,etc that obey the arizona landlord/tenant laws...it's very helpful.

i think there is also a national organization that may be helpful to investors in the different parts of the u.s.

i will call the office later today to see if they can supply any additional info.....& post it here later today or tomorrow.

 

[WhatsHisNuts]

have you checked out youngstown? properties there are going super cheap and it does look like they have a decent plan for rebuilding that town.

look at this house that sold on ebay. man, what a cheap price for that house. it would be triple or more in most places in the country.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=300079752442#description

detriot might be a good place for picking up houses to rehab and flip or rent.

i'm not experienced in that biz but have done some reading and checking around.

for instance....youngstown, ohio

there are many properties you can snag for, say, 15k put 20k of work into them then get them appraised for 70k finance 50k put 15k in your pocket and rent them out to cover your mortgage. :shrug:

am i making it out to be easier than it really is?

Columbus has a wide range of housing options and tons of them. I think I could buy sh*tholes in Youngstown and Detroit, but I think the Columbus market is a lot more viable. I won't lie to you and tell you that I have have been researching the local housing markets, but I will tell you that everything I need appears to be available here in C-Bus.

BTW: What could be more exciting than the potential of making a living off of hard-earned Buckeye money?

 

[flapjack]

flapjack, you mind if I get your email from jack?

No probelm.

 

[AR182]

i then found a landlord organization ($75 annual fee) in phoenix that is comprised up of landlords (all type...multi-family, single family, commercial, etc...), real estate attorneys (free half hour consultation), & other businesses that pertain to the rental market. the arizona multi-housing assoc. supplies it's members, for a small cost, with ready made forms...ie...leases, 5 day notices, eviction notices,etc that obey the arizona landlord/tenant laws...it's very helpful.

i think there is also a national organization that may be helpful to investors in the different parts of the u.s.

i will call the office later today to see if they can supply any additional info.....& post it here later today or tomorrow.

the national organization is called "the national ap't.assoc".....

i highly recommend anybody who wants to get involved in the rental market to check out their local branch or another local organization that helps landlords with the various issues that can develop...

 

[freelancc]

if you go there to look at properties, bring an armored humvee.

:scared :scared :scared