Updated about 17 years ago on . Most recent reply
Am I missing something
So I have been looking at REO in Contra Costa County a very well populated area about 20 miles east of San Francisco. Found a deal I like. $100,000 property tax's 125 a month and insurance about $30.00 a month Hoa $175 a month. Not quite 50% rule but 65% and I comfortable with that 50% rule very hard in a somewhat desirable area of Bay Area, CA.
But than I go to the properties section a see 8 homes for sale that cash flow for $4800.00 a month for only 160,000. What am I missing on this. Seems to good to be true. This deal is supposedly located in Ohio.