All Forum Posts by: Andrew DeMaster

I just saw a bank owned property come up that I'd like to put in an offer on. Is there any advantage to making my offer through the bank's listing agent? for example, will they get paid a larger commission and possibly be more inclined to push the deal? Or am I just better submitting my offer through an agent of my choice? Also, with bank owned properties if it's a good deal is it expected that I offer list to have a chance at getting the property? Thanks in advance.

I just saw a bank owned property come up that I'd like to put in an offer on. Is there any advantage to making my offer through the bank's listing agent? for example, will they get paid a larger commission and possibly be more inclined to push the deal? Or am I just better submitting my offer through an agent of my choice? Also, with bank owned properties if it's a good deal is it expected that I offer list to have a chance at getting the property? Thanks in advance.

Thanks For the replies Alex and Jonathan. I'm looking forward to learning more about peninsula real estate. I'm particularly interested in exploring foreclosures as there seems to be a lot more foreclosure activity than in the Midwest. I would assume this must be because of the high real estate costs and California being a non-recourse state. Do either of you have any experience with foreclosures? I'm thinking MLS will not be a good way to find any deals. Regards, Andrew

I'm moving to the greater Monterey, CA area in 2 months -- Pacific Grove to be exact.  We're cashing out of two properties in the upper Midwest and I'm looking to get into real estate investing at some point in the area, especially given Prop 13.   From what I've seen, it looks like cash flow positive, or perhaps even cash flow neutral, on single family rentals is probably not possible with 20 percent down.   Is commercial real estate more reasonable than residential or is it similarly expensive?  I'd appreciate any thoughts real estate investors in the greater Monterey area would be willing to share on the residential or commercial real estate markets.

Cheers,

Andrew