I am looking at some REO's offers and since the house market is down, it seems as a good investment. However what I am looking to are houses or maybe condos up to $200,000. I am wondering though, if it's better to buy for example two small cheap houses each for $100,000 or rather one more luxurious and bigger for $200,000.
And this all depends on each state - and it's prices, rental yields etc.
Also I hope I will be able to get the mortgage for that. I called to Bank of America last week and since I am foreigner, I will probably have to put around 30% down.
If you would have some website, where I could look for some data from different states, that would help me best in the moment I think.
Senior Real Estate Specialist
Certified Buyer Representative
Century 21 Princeton Properties