Hi, can you be more specific? What type of property do you have in mind, and what price range?

Canal Winchester has its fair share of foreclosures, which means there are plenty of opportunities to get a great deal on a property when buying. On the flip side, of course, this also means that prices have declined significantly and you will have a difficult time selling your property. You will be competing with all the short sales and bank owned listings in that area.

You may want to consider offering your property for lease with option to buy. I understand that you won't get your money back out immediately, however, you may be able to get a better price and monthly cash flow for the house.

I'd be happy to provide you with specific numbers if you can let me know what information you are looking for.

Penlinplace,

The first step is for you to educate yourself as much as possible. The more you know the better as what you don't know will hurt you!

Shop around for a knowledgeable agent that understands investment properties and knows that area. Also, make sure you check references and can trust the agent both ethically and in terms of their ability to provide prudent advice. Anyone can sell you a house.