Lisa,
Does it exist? You Bet.
I've been working with an investor in Stockton who has picked up 10 properties in the last 50-75 Days. There are some amazing deals.
First Question: How much work are you willing do to on improvements?
I would suggest looking in the "Country Club" area of Stockton just South West of the University. Don't be fooled by the name, it isn't as glamorous as it sounds BUT! You can find a 3 bedroom 1 bath with about 1000sq ft of living space for $85-100k. The property may need a little bit of work. If you're planning on renting the property, you may be good to go.
You can find listing information at my website.
http://www.marioforhomes.com
If you need more advice, feel free to shoot me an email and we can talk about the cash flow possibility.
-Mario
- Thu Sep 25 2008, 14:46