When investing in real estate, you first have to define your goals. How long do you intend on keeping the property and what is the purpose of the investment. If you are looking for a long term rental and building equity, then if you find a good property at the right price, it's almost always a good investment. The rentals will pay off the mortgage and over time historically real estate values go up. No one really knows or can predict if and when we hit bottom but I wouldn't try to time the market. A good deal is a good deal. I would hire a buyer representative to assist you. They work for you as the buyer instead of a sub-agent or broker's agent that works for the seller. You are already paying a commission in the sales price so you may as well get something out of it. If I can assist you in some way, please don't hesitate to contact me.

Ralph Windschuh
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com

All of NY is considered declining.

EXCELLENT section 8 deal IMO. Research the program and call and see if they are taking new landlords and then go nuts a buy a few houses....They cut you a check at beginning of every month. I had a nice deal with this on an investment property a few years back and it was great. Some tenants are Ok and some suck but you get paid every single month regardless. I did EARP section 8 and only took families with a bunch of kids. They cut me a check for 10k (maybe more now a days) and paid on the 1st of the month, every month for 3 years. I made 1k a month.

If you want more details on the experience, send me a note.

Giovanni, Being an investor you know the importance of knowing your target market area. You don't want to become an ex-investor standing in a soup kitchen explaining how you could have bought this building once upon a time.

Use these to get an idea of the rental trends and price comparables....http://www.zilpy.com/
http://www.rentometer.com/

Use this site to get a general idea of housing trends, average sale prices, sales summery ect..
All info taken from public records.....http://www.bhgrealestate.com/Views/Look/Default.aspx
Trulias interactive price map provides good info,,,,http://www.trulia.com/home_prices/New_York/Nassau_County-heat_map/

If you are going to be an investor then research and learn all you can about the Market area. You need to prepare yourself so you can interview and ask the kind of questions that will help you select an agent to work for you.
Just for fun check these out...http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
http://mortgage-x.com/general/rate_trend.asp
http://www.ofheo.gov/PublicInformation.aspx?Nav=136
http://www.fhfa.gov/

Good luck with your investments...Dunes

Hi Giovanni

In the area of Roosevelt, the price range for Single Family homes ranges literally from $114,900 (foreclosed) to $599,000. There are 180 homes for sale in Roosevelt.

Please email me, and I will send you list for sale and for rent in Roosevelt area.

Barbara
Charles Rutenberg Realty
Realtor@BarbaraNowak.com