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Bargain Investment Properties for Cash Flow
If you find yourself in the position of watching your Real Estate commissions going down or you're getting a smaller percentage of the pie, there are some exciting alternatives that will bring you higher dollars and much higher percentages.
No matter the shape of our US economy, there will always be people who figure out how to make money using current economic conditions to their advantage. Right now, one of those advantages is that foreclosed homes can be purchased at very low prices.
Check out this actual scenario. You connect with a company who is currently purchasing and selling about 35 foreclosed homes per week. Each home purchase must meet specific criteria. A few of those criteria are;
no liens or encumbrances, no outstanding city violations, an established broker's price opinion value obtained through Core Logic, an asking price significantly below the market value (including renovations), the roof and foundation are in living condition a local contractor has provided a binding estimate of rehab cost that is less than $10,000. The homes are offered for sale at prices between about $20,000 to $50,000 and when rent ready will rent for $450 to $650 per month. Interested yet? This is ... more
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