Great opportunity to be an investor by buying foreclosures in Marion, West Memphis, Ar.

By
Real Estate Agent with RE/MAX REAL ESTATE TODAY, Executive Broker 901-488-9590

Great opportunity to be an investor by buying foreclosures in Marion, West Memphis, Ar.

 

We are pretty fortunate that we are not saturated with foreclosures in Marion, West Memphis, Ar.  We have some, but it is not taking over the market.  Some of them are actually good buy for an investor to buy.  I have recently sold a foreclosure to an investor for merely almost nothing, the house has so much potential , it has lots of space, 2 stories house, over 2,400 square feet, 4 bedrooms and 2 baths.  

My investor is going to spend some money to fix it up and let me list it on the market for him.  And he is interested in buying more investment properties and become a full time investor.  If you know what you are doing, you are financial ready to buy when a good deal pops up anytime, you can either do the repairs yourself or have good and inexpensive sources to fix it for you, buying foreclosures can open some new doors for you to get into the real estate market.  

Rentals are in high demand right now, home owners who lost their homes in the recent years are not able to buy a house for at least a few years.  They still need a place to live until things get better for them, rental is what they are looking for. I have people calling everyday and trying to find a place to rent, some of them prefer to rent a house instead of an apartment.  I have sold some foreclosures to another investor last year, and they fixed it up and leased it out for extra income.

Are you an investor?  Want to know more about what is available on the market right now?   Maybe you want to be an investor?  Give me a call, I will walk you through.

 

 

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Serving Marion, West Memphis, Crawfordsville, Hughes, Horseshoe Lake, and surrounding areas.  If you are planning to sell or buy, please feel free to give me a call, find out if I am the right agent for you.

 

 

 

Rita Fong, REALTOR®

RE/MAX Real Estate Today

1813 Highway 77  Marion, Ark. 72364

cell:901-488-9590

office:870-735-4663

fax:870-735-4668

http://www.ritafong.remaxarkansas.com

Like me @ facebook

 

 

 

Comments (7)

Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Some of the forclosures and short sales are great investment opportunites, especially so,when you take into account the great current mortgage rates.  For those that can afford to, it's a great time to buy!

Aug 28, 2010 04:32 PM
Rita Fong
RE/MAX REAL ESTATE TODAY, Executive Broker 901-488-9590 - Marion, AR
Realtor - Marion Arkansas Homes for Sale

Lora, it is a great time to buy as an investor or just being a homeowner.  It is a shame to see someone who is willing to pass the opportunity to get some good rates and low prices out there.  We can only suggest.

Aug 28, 2010 08:22 PM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we have such a shortage of rental properties here because people are doing short sales and then renting for a fraction of their previous mortgage.

Aug 28, 2010 10:41 PM
Charles Edwards Bentonville
Coldwell Banker Harris McHaney & Faucette 479-253-3796 - Bentonville, AR
AR REALTOR, Bentonville Real Estate Agent and Broker

Rita, Good for you. I hope your investor creates many future sales for you. This is a WIN-WIN situation.

Aug 29, 2010 01:50 AM
Rita Fong
RE/MAX REAL ESTATE TODAY, Executive Broker 901-488-9590 - Marion, AR
Realtor - Marion Arkansas Homes for Sale

Barbara, we have people calling daily for rental, many of them don't want apartment.

Charles, this will be a good time to have investor client, there is a market for them for a while.

Aug 29, 2010 07:09 AM
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Great market report on Foreclosures in your market area. Investors will need to partner up with someone like yourself to maximize their investment.

Aug 29, 2010 02:47 PM
Rita Fong
RE/MAX REAL ESTATE TODAY, Executive Broker 901-488-9590 - Marion, AR
Realtor - Marion Arkansas Homes for Sale

Eileen, it is a good opportunity for an investor to get some inventories while they last.

Aug 29, 2010 02:56 PM