http://www.biggerpockets.com/renewsblog Since I am on the ground in working class neighborhoods, I always try to find out the story of how the neighborhood became so distressed with low prices. I always find out that these houses used to be in great neighborhoods 20, 30, 40 years ago - but when the jobs left, the neighborhoods began to reflect that economic decline.
I have some words of caution, and some words of hope, for those whose entire real estate investing strategy relies on appreciation, as well as tips for what to look out for to avoid these errors that would otherwise take 20-30 years to find out. For example, "single industry areas" are susceptible, and with the future changing rapidly in an economic downward direction - caution and heads up should be used.
https://www.AffordableRealEstateInves...where I give you the truth and a practical guide to real estate investing at a price you really can afford, with hard work, confidence, and a little peace of mind.
Please remember, if you want to submit a question for you and the audience, please send and email titled "Audience Question" to LisaPhillipsREI@Gmail.com If it doesn't say that in the subject line, its easy for me to overlook it as SPAM and get deleted.
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