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Real estate vultures.

redmondHSredmondHS
edited July 2008 in Seattle Real Estate
Hello all,

Found an interesting site reading some RE article that scounges for best deals in RE in Florida: http://www.condovultures.com/

Are there any similar services available for seattle market; i might get in at 50% discount on a 400k prop :mrgreen:

Comments

  • bilirubenbiliruben
    I'm sure there is. Jack McCabe down in Florida was thinking about, and trying to raise money from investors, for this sort of thing years ago on another board I frequented. I always found it funny when he was the go-to guy for good quotes in papers - generally slanted to his monetary self-interest. I haven't heard much from him lately. Maybe he vultched too soon! ;)
  • UbersaladUbersalad
    Even in the Seattle area, where prices are down just 5% year-over-year, small investors like Liberty Capital, a three-man operation, are snapping up cheap properties. Liberty's portfolio manager Davis Hsu has purchased four homes this year, including a "very clean" 2,700 square foot four bedroom in suburban Federal Way, for about $330,000. He estimated that he bought it at 70 cents on the dollar. He quickly flipped it for a modest profit.
    Bought it for $330k and thinks it's worth 470k? In Federal Way?
  • EconEEconE
    OP spam alert. :lol:
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