Posted by Jimbob on October 20, 1998 at 10:01:50:
Interesting comment you made about all the properties being for sale in the same area, and at the same time, your perception is correct. If there are a lot of properties for sale in a given area, then that is a signal that something negative has or is about to happen to that area.
Your best bet is to do some research on the area and try to find out whats going on. Call 10 different real estate listing agents or owners of the properties in that area and ask all of them why the owner is selling, you’ll probably get 10 different answers but sometimes you’ll see a pattern forming.
The bottom line is if you approach it right, you can make money on any real estate investment, if you’re just starting out, be sure you’re getting into something you can handle, single family homes are probably a smart way to go until you get good at it, then move up to multi-family.