foreclosed homes

Investing Real Estate Short Sales – Patience Is Really a Virtue!

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Residential Real Estate

Buying real estate that has been foreclosed on is a good choice for those who are sticking to a very strict price range and would like to get the most for their cash. Foreclosures are great options as a result of generally the banks will take a lesser amount in order to be able to pay off the loan or get the quantity wanted to break even.

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But 15 years ago you can have invested in land for $400 per acre. $20,000 in land funding then….would be worth $a hundred and fifty,000 right now. In truth, you could have financed it at 9% and made payments of $200 per STILL acknowledged a 317% achieve. And I’ll guess there’s a Talbot County in your state, with comparable stories from individuals who took advantage of the land funding alternative.

Meanwhile, a once cent Special …