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Just went to a Citibank/Keller Williams seminar. Informal yet informative. Subject matter was REO's and Short Sales.Contrary to what is being cited in the press banks are lending, well the more conservative ones that is. Citibank will lend to FN's with a min of 25% down. Contact Miriam Hendrick – [email protected] and contact Marlene Silva to get inventory lists of (apparently) 100's of REO properties in the South Bay (LA) area – [email protected] (Keller Williams Reaalty).
Happy investing!G'Day Richard,
Many thanks for info. much appreciated. It seems quite an interesting time for an investor. California has always had appeal due to its lifestyle and surrounding geography. I guess it's being badly hit as it's coming down from (what I've been told) 10 – 15 years of consistent rising house prices! There seems to be a lot of deals going on – foreclosures etc. I just need to focus on an area and see how the rental market reacts. Ideally I'd like to get cash flow properties. Prices are sure to rise in the next 5 – 10 years. But I guess in the meantime all the foreclosures need somewhere to rent. Interestingly a lot of spots on my street (Redondo Beach ocean view, close to shops etc) have just gone up for rent. The lady in the apartment above has moved out as she's decided to take advantage of the price decline and get a mortgage (moving slightly inland – Torrence area).
Heading to San Diego for the weekend. Drop us a message when you head over. (jus found a bottle shop that sells Coppers!!)
MattHi Rd,
Thanks for taking the time to reply. I'll see what's around, I doubt TAFE will be the way to go. Any ideas for where to find places that run investing courses?
Many thanks again.
MattCheck out Wyndham Time share company my mate works for them and they have properties you can select from all around the globe?
