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Uh no one is going in there to collect rent, to buy or rent anything out. I'm talking about the other side, that is where I would be buying, and renting out. That would be the side with the individual pools.
And the guarantor is the one who gets nailed. He has a minimum of 2 properties and gets everything denied as well. High interest rates are due to inflation, and actually slow the economy down right now.
Social ladder comes from staying in school, and unfortunately that doesn't always happen. They're paying parents to keep their kids in school now. The whole middle class is definitely growing! Florinopolis has an amazing economy, they've taken education seriously and you won't see beggars around. I was fairly surprised, my mother-in-law who is heavily vested in education was explaining all of the programs they've started and the effects they have had on the peoples lives.
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Trustee Sale at the courthouse on 05/07/10 at 10:00AM located at 190 N. Market Street in San Jose, CA.
First loan is $335k
Second loan is $150k.
This 1,375 square foot townhome has 3 beds, 2.5 baths, 2 car garage. I believe the HOA is $145/month. You might be able to pick this up for just above $335k. Zillow's estimate is $418k. Instant equity. This townhome is relatively young and has high ceilings. Nice neighborhood, next to park and tennis courts. The neighbor just paid a 1,165 square foot townhome with 2 beds and 2.5 baths for $390k. The catch is you have to show up at the courthouse with cashier's checks. Basically, you have to pay cash for it.
Sorry for the short notice. I will give more notice next time.
Good luck.