Investing in Real Estate in Slow Cities
If the location is flat you will have to know up front that obtaining a investment for Subject To investing will take some knowledge. You will not want to have to restrict yourself to obtaining a investment that you will have to live in. For instance, that means you buy a home and live in it until you sell it. In such a location you will have to get an edge on the competition. You will not likely be able to market it any higher than what the area supports. In this situation, you need to buy at a large discount to make a decent profit if you are planning to do this traditionally.
In this instance buyers will start by doing their homework on listings in the current markets. Given the current real estate locations and the amount of motivated sellers, investors who are real estate wholesaling are making out very well. Regardless of what you plan on doing, at the end of the day, you have to determine your profits against the level of labor that was involved getting the investment successfully turned.
Of course be sure to educate yourself about sub2 financing properties and/or talk with a knowledgeable colleague before you consider any new investment business and investment direction.
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