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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (939)	8/27/2012 9:58:33 PM
From: John Vosilla	Respond to of 2722

it's hard to see how you can get hurt buying a property yielding 20% net at a time of T-bills yields are under 1%. Of course we are talking the local market here and it's a unique situation. I have never seen it quite like this but of course I concentrate on areas away from more expensive SoFla. Even the early 1990's never came anywhere near this close in large part due to much lower interest rates and rents sky high this time. The flip side is the amount of money that has come in putting squeeze on margins for quick turn rehabs to less than you can get from six months rent the past year.. There is good value in CA once you get way out of the big metro areas and expensive resorts but nothing like what you can always find down here.. Of course we both know 90% or more of finding the best deals and equity is to have boots on the ground so I would never expect to find what I find in say CA or NC unless I actually lived there for a long time and figured out the 'game' better.