Real estate blog entries tagged with reo by RE/MAX Preferred Associates

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Home : Blogs : Grayson Hodge : Grayson Hodge's Blog : Tag "reo"

reo: Seven Tips to Profitable Investing in Foreclosures - 05/18/10 08:29 AM

RISMEDIA, May 18, 2010-- Have you been thinking of investing in a foreclosed home? The game plan sounds simple enough: purchase a foreclosure at pennies on the dollar, cover the mortgage by renting the property to tenants, and then sell it at a tidy profit when the economy recovers. Unfortunately, when it comes to buying foreclosures, "things are not as simple as they appear," says Jim McClelland of Mack Companies, a Tinley Park, Illinois firm with a portfolio of 365 previously bank-owned homes under management.McClelland knows foreclosures: he buys two or three each week. Most of his homes are located in … (0 comments)

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Grayson Hodge

Raleigh, NC

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