Smaller cities in the surrounding areas of Madrid, like Torrejon, Guadalajara, San sebastian de los reyes... etc always present some cash flowing option.

Can someone out there HOLLA if maintenance can de done at a rate of 2%"A: Yes, 2% is a valid number if you:Cherry pick the right properties (no high maintenance properties)Target the right tenant poolWork with an excellent property manager who selects the right tenants.Renovate the property to reduce maintenance cost.Chicken: "2.

@Anton De VriesEarnest money is not lost unless you back out of the sale contract.

I noticed this property back in October when I was exploring properties in my area and it kind of de-motivated me because it seemed like such a great deal I couldn't afford. 4 unit in Montgomery, AL listed for $166K, fully rented (according to the description) bringing in $2350/month so over that 1% rule for rent and would bring in over $1500 a month.

I know a few individuals in Delaware where I live who are doing really well cashflowing from their single family residences.

Two flats(Duplexes) are frequently de-converted to SFHs in Chicago because that is highest and best use in many neighborhoods.  

So if your first world problem were mine, I would 1031 into a Delaware statutory Trust.

Originally posted by @Rebekah Keller:@Christian Hutchinson48205 gratiot & gunston48206 dexter & davison the neighbors for both are life long detroit residents looking out for each other HAHA I grew up at Connor and McNichols(neigborhood where De La Salle use to be)I use to hangout at that basketball court on Dexter and Davidson it use to be really nice 2003-2007ish.  

I have also been living in Wilmington DE for 6 months now. 

Are there any seasoned RE agents/ REI that have experience with the Philadelphia/ DE markets.