gonna be some good investments cheap if you got the money
This could be a perfect storm for real estate investors
buy cheap, when inflation hits the prices will go through the roof- when the economy recovers you will be stting on a goldmine
Anyone want to form an investment group with me?
TOP 5 STATES IN FORECLOSURES:
1. NEVADA (One in every 84 households)
2. FLORIDA (One in every 155 households)
3. ARIZONA (One in every 165 households)
4. CALIFORNIA (One in every 194 households)
5. IDAHO (One in every 220 households)
VERMONT HAS THE LOWEST FORECLOSURE RATE (ONE IN EVERY 18,500)
ROUNDING OUT THE TOP 10
6. UTAH (One in every 230 households)
7. GEORGIA (1 in every 246 households)
8. MICHIGAN (One in every 255 households)
9. ILLINOIS (One in every 314 households)
10. HAWAII (One in every 315 households)
If you can afford the taxes on the properties. Local tax revenues are down so they’ll start hitting harder on property taxes, like clockwork.
a goldmine especially for non HOA and non condos.
the forclosures, which are growing so fast some florida judges are finding it easier to just ignore legal defenses as a means of preventing docket gridlock, are often caused by run away defaults in HOAs forcing remaining owners to pay for the non-paying.l
I guess if you had the risk capital and could afford to hold for 10 to 20 years, there might be some money to be made.
I’ve made the point before that unless borrowers are able to finance, the housing market won’t find it’s bottom until buyers can afford to purchase with cash.
“Anyone want to form an investment group with me?”
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I could maybe sell enough scrap metal to raise fifty dollars.
“Anyone want to form an investment group with me?”
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I could maybe sell enough scrap metal to raise fifty dollars.
I will if you loan me the money!