I've heard people saying about buying a property for $25,000.00 or $30,000.00...Sometimes even less. Matt from Dean's book mentioned properties as low as $25,000.00. In what state or city do you find these kinds of properties? I live in Alexandria, Virginia and i have been looking properties in Washington D.C, Mayland, and Alexandria VA for the last two months and made 8 offers. Unfortunately, all my offers were rejected. Let me put the numbers below.
Listing price Offer i made
1. $154,000.00 $129,000.00
2. $164,000.00 $133,750.00
3. $64,000.00 $55,000.00,sold for $67,000
4. $192,000.00 $152,000.00
5. $85,000.00 $73,750.00
6. $99,000.00 $82,000.00
All these properties are in Washington D.C and Maryland. With this price in Virginia, you may only buy a condo. Because i couldn't find properties at my comfort zone, i was forced to look properties in a bad neighbourhoods. I made my offers but all rejected. My questions would be:
1. Were my offers too low?
2. How important is location?
3. How can you expect to find properties $100,000.00-$150,000.00 if the neighborhood is selling for over $200,000.00?
Can anyone share some ideas with me? Besides, I'm a student with Dean's Success Academy but i just couldn't find someone who can help me with this.