Government foreclosed homes/properties
By DarkBolt500
@DarkBolt500 (5)
United States
June 24, 2008 2:52pm CST
Did you know that right now the real estate market is 25% saturated with Government foreclosures? The interesting thing is that although the real estate market is not doing very well, a lot of people are snatching up these foreclosures because of the tremendous value they are gaining. A home worth $400,000 can be sold for around $10,000 right now! Of course there are different price tags on various types of properties that have been foreclosed on, but they are being sold for considerably less than they are worth! If I had enough capital I would jump right on the wagon- alas I am poor. But I want to take advantage of this incredible opportunity- what do you all think?
3 people like this
2 responses
@baileycows (3665)
• United States
24 Jun 08
We jumped on the bandwagon and have been buying rental properties during this time. We are still getting the same rent as if we would have bought them for 20K more, but it is nice. Because if people cant buy then they have to rent something.
1 person likes this
@eagletrek2 (5499)
• Kingston, New York
28 Dec 16
I think you are right that my goal to to get properties to flip over but I all so do not have that
kind of money as of now
