To bring this story home, I want all of you to look in your own backyard FIRST. I mean this. People here in Los Angeles have been saying "Gee, I can't buy anything in town for under 500k." Well I just saw a home, a 2 bedroom home, on a smaller lot for $324,000 in an OK neighborhood. So why would I go to Florida, buy a condo in a seasonal market, pay a property manager 10% of the seasonal rental, only find out I cannot secure a stable monthly income from a tenant?
My advice is until you slick your hair like Donald T, stick to your own backyard. Map out a territory and search diligently on every street in that grid. Get out of your car and ask the neighbors who might be moving, who got divorced, or relocated. Work with a local broker. Remember it does not cost you a dime since the commission is paid almost always by only the seller. You might be surprised by what is becoming available in your own area. Sometimes the best deal or advice is right there in front of us and we are blind to it.
Speaking of missing the obvious, did you see my socks? Yeah the ones with my name ironed in them. I know they were right here a moment ago! Get my drift here?
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