Investment Properties: Foreclosed Homes
Posted on Apr 10, 2010 03:56:42 AM
The recent housing boom and bust has resulted in many broken homes and tragic stories of bankruptcy. No one wants to be insensitive about it, but in truth something positive has come from the wreckage: a huge number of foreclosed homes, ripe for the picking as investment properties.
Market prices for homes have dropped precipitously, and an additional discount of up to 40% below market price can sometimes be… Continue reading