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Does anyone know about buying $300.00 Properties?

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Services for Real Estate Pros with ISellRent.com

Hello everyone,

I am a newbie to this site so far it seems great. I had been doing mortgages for the last 5 years but as everyone knows the market went bad. Yes blame the brokers,blame the buyers, blame the government,blame whomever you want to blame, but now we are all stuck and it seems that it will be a while before getting out of this mess.

I have launched a new website www.isellrent.com since my mortgage business is done. So far it's been a lot of work but I finally got it up and running. I had to find something else to do while my mortgage business went down.

My question is the following I hear all the time in TV how you can buy these homes for $300.00 at auctions. Is that true has someone here done that? If so can you give me some insights on how you did it and does it really work. Just trying to figure out another way to make money.

Thanks for your Help!

Kenia in Florida

Comments(2)

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Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS

Hi Kenia - Welcome to Active Rain and be sure to join the newbie group - there are lots of posts there to help you get started.  Times are tough for all of us - we just have to work twice as hard.  Blogging will help you to get noticed more in your market - and you will learn so much here at AR.  They are the best!  If you need help, let me know.

I have heard of these great deals, but think about it -

I heard of one house that sold for One Dollar - bad area, trashed out, broken and stolen everything, really just a liability for whoever bought it for a buck!

Sep 26, 2008 05:35 PM
Kenia Mari
ISellRent.com - Hollywood, FL

Thanks for the info I'll check it out

Sep 27, 2008 03:34 AM