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Updated over 17 years ago on . Most recent reply

Minna Reid's profile image
Minna Reid's profile image
Minna Reid
  • Real Estate Broker
  • from Jacksonville FL & Middletown CT
  • Member since Jan 16, 2008
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Minna Reid's profile image
Minna Reid's profile image
Minna Reid
  • Real Estate Broker
  • from Jacksonville FL & Middletown CT
  • Member since Jan 16, 2008
Connect
Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
599
Votes |
1,350
Posts
General Real Estate Investing

Are times achanging?

Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
Posted

So today I'm poking around on the MLS....what do I find??
Witnhin 15 minutes I locate 3 multifamilies that are priced almost to support the 2% rule...a few single fams priced alright...

And one single family that...get this...( i had to run down and check it out asap when I saw it)...

ARV of 160....repairs at about 55....it's an REO and the bank prices it at...drumroll please....49K!!! I couldn't believe it. The bank prices right. Mistake...agent error...or the bank comes to its senses?? Who knows...but my offer is in.

Loving this downward market.

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