Tim

Thanks Keith,

Very solid advise. I just went out and purchased Gary Keller's RE Investor book.

I was asking about The Woodlands, Tx. I am staying out of the CA market until things settle down from the run up. As much as I would rather own in San Diego county, its a mess and getting worse down here in regards to inventory levels, foreclosures, short sales etc... .

How does one choose between condos/townhomes, sfr's or 2 - 4 unit investment properties? Some say condos for out of state ownership are the way to go. But I'm weary after watching San Dieo's condo market nose dive due to overbuilding, over converting and over speculation.

I was looking at McAllen, Tx until I found an article on a real estate blog discussing the fact that the Feds are about to declare much of that city and surrounding areas flood zones due to aging levees, and it looks like a prime area to be overbuilt in a few years.

I have a sfr in Spartanburg on hold that with developer incentives will cash flow nicely for 2 years. But am not sold completely on the area's merits.

I want the best of both worlds... cash flow and appreciation.

Guess I'll take your suggestion and read Keller's book before I buy a property that I regret.

Thanks Again. - Sat Jun 16 2007, 14:43