Comments on: Bank Owned Properties For Investing

By: embroideredbabygifts

embroideredbabygifts — Wed, 25 Feb 2009 08:21:11 +0000

There is another type of property out there that offers the lowest price available and those are the homes the banks took back during construction.This is a true can of worms because number one, if you want the home you are probably going to have to pay cash for it because no lender is going to loan on a home that hasn’t had all the proper municipal inspection finals or Certificates of Occupancy.This is where BE CAREFUL has a lot of meaning because these properties can be a really good deal and maybe make you money down the road but there are several hurdles you will have to deal with.

By: EmbroideredBabyGifts

EmbroideredBabyGifts — Wed, 25 Feb 2009 08:19:20 +0000

There are so many people taking advantage of today’s Real Estate market, and as far as investing goes in bank owned foreclosed properties the banks are taking thirty, forty, even fifty cents on the dollar for some of these properties. I know as an investor in Real Estate.The bigger problems I’m referring to are homes that have been stripped of appliances, lighting and plumbing fixtures that have been removed and/or vandalized, and in some cases cabinets that have been ripped out. I have also found deeper issues such as internal electrical wiring that has been cut or torn out, and copper piping that has been removed or cut. Most of these issues can be seen during a home preview which enables you to take into consideration and evaluate what the replacement costs to you would be.myself that there are some really amazing deals out there to be had, but with every deal you find out there Watch Out, with good deals there sometime come bigger problems.

By: fdsf

fdsf — Wed, 25 Feb 2009 08:08:06 +0000

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