All Forum Posts by: N/A N/A

Here's what I found. Might be worht looking into, although i have no personal experience in any of these places-

The report is by The Case-Shiller index which is considered by many to be the best gauge of national and metro real estate values.

The biggest home price declines are in the Rust Belt, while prices are holding up in the Pacific Northwest and in areas of the south.

Here are the 20 cities ranked from worst to best appreciation:

Detroit, down 9.7%
Tampa, Fla., down 8.8%
San Diego, down 7.8%
Phoenix, down 7.3%
Washington, down 7.2%
Miami, down 6.4%
Las Vegas, down 6.1%
Los Angeles, down 4.8%
San Francisco, down 4.1%
New York, down 3.8%
Cleveland, down 3.6%
Minneapolis, down 3.4%
Boston, down 3.4%
Denver, down 0.7%
Chicago, down 0.9%
Dallas, up 0.7%
Atlanta, up 1.2%
Portland, Ore., up 3.8%
Charlotte, N.C., up 6%
Seattle, up 6.9%

Thanks Mike. I was just reading on here about using smaller local banks and I had 1 question about that. The properties that we are looking at buying are not in my state, would it be better to go with a local bank where the properties are located or where we live?

First I would like to thank everyone for all of the great information they have put on this website. It is by far the best one I have visited. I also apologize if this is not the right thread for this question.

I'll run down my plan to help you understand exactly what I am looking for as far as financing goes. Myself and two others are looking into buying rental properties. We have found quite a few in the 20k to 35k price range that are bring in anywhere from 250-350 net each month and most have leases in place. The plan is to buy as many of these units as possible (ideally around 100 over the next two years.) We have experience in owning rental properties, but nothing to this magnitude so we are looking to build up to that number and not purchase all at once. This is where the problem comes in. We have dealt with Countrywide (the reason for Country wide is that we get 10% down and 6.85% on a 30yr) in the past but they informed me that their policy is 4 loans per person bottom-line. Is there a way to get financing similar to this for the number of properties we are trying to get? I am not sure if we could get the 4 from Countrywide, another 4 from BofA, another 4 from Wells Fargo etc. or if we need to start a LLC and find a different route for financing. Any suggestion would be greatly appreciated!