I'm interested to buy a short sales home in Southbay, LA. is it the right place to offer?

Submitted by bob from CA - 01/26/2010 - 12:45am

been waiting for awhile and understanding that FDIC changed the rules on examining banks last Nov. Chances are bank willing to sit on bad assets which underwater. In this case, i am starting looking to purchase a property in southbay.

Anybody can offer assistance? or any home owner wants to walkaway from theirs?

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Comments

Submitted by SenecaTrust - 01/26/2010 - 11:58am

Hey bob,

More specific info would be helpful. I've been a member of this site for awhile and it's great, but be cautious. The market is still very competitive. There are vast sums of money from institutions and wealthy investors chasing very few deals. Good luck!

Submitted by bobinspira - 04/03/2010 - 7:29pm

Bob - Not 100% sure what you are asking? Are you and investor adn looking ot purchase homes Are you looking to buy and hold or buy and flip? Do you have cash to pay or would you be looking for financing?

Let me know and let's see if there is a strategy to meet what you are looking to achieve.

We have been purchasing investment homes - and are getting about 15% cash on cash return and believe our long term looks very bright after the strorm passes by and people feel the sunshine again.

BOB, MBA, CDPE, e-Pro
bob@inspiragroup.com

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