Posted by Clark Kent on July 24, 2007 at 03:22:36:
I know guys in my area who have been selling to Landlords (often out of state investors) at about 80% of value, with properties already rehabbed, and often with tenants in them.
However, in today’s market in Ohio, those out of state Landlords have dried up.
One of the guys who was doing this has now switched back to selling to owner occupants.
I would still like to think its a viable option, just be aware it may not be a slam dunk as it has been.