Where are the Properties? - Posted by TonyS

Posted by Berno on April 25, 2006 at 10:00:49:

Iowa

Where are the Properties? - Posted by TonyS

Posted by TonyS on April 24, 2006 at 20:57:58:

10 years ago I was buying up VA foreclosures (Condos) $75,000, 5% down all over Jersey. Most were buy and hold with a minimum $300/mo cash flow, still have most of them. Some were buy and sell also with a minimum profit of $30,000. Can’t find a thing today and have not since 2002. If I do find one, numbers just do not work. Example: Today’s Price avg $275,000, Prop tax & Assoc fee total avg 450/mo, Rent avg 1300/mo. Rather than waiting for the cycle to turn in NJ which may take years, (prices pulling back and rents catching up, where in the country today are the numbers working? Does anyone know?
Thanks, Tony