Buying a Foreclosure
by Nick Gromicko
Purchasing foreclosed homes in desirable areas at below-market values can be a sound investment strategy. Appreciation on their original prices may be tax-free. Buying foreclosed rental properties can provide positive cash flow, as well as valuable tax deductions. On the other hand, buying a foreclosure involves homework, patience, and a certain amount of luck. For those wishing to get a bargain house through the foreclosure process, it’s best to learn the basics.
Four Ways to Buy a Foreclosed Home
In summary, there are a number of ways to go about buying a foreclosed home, and buyers should exercise patience, persistence and careful planning before buying foreclosed properties.
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7/28/2016 01:23:08 am
This story reminded me of how I got started buying foreclosed homes in Canada a few years ago.I just want to let everyone who's thinking of doing this to go for it - it's not as hard as many people like to make it seem. For example, in my case I didn't have much money and could not even qualify for a mortgage. Still, I didn't give up and by looking in the right places I was able to secure properties for as much as 50% below market value. If you're interested, you might want to check out this article, which explains what I'm talking about much better than I could:
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