Posted by Matt on May 24, 2000 at 12:52:58:
It might be best to purchase the home,or homes and rent them out. If you make a little a month your doing well, because your building equity and someone else is paying your morgage. Just my opinion though
Posted by Matt on May 24, 2000 at 12:52:58:
It might be best to purchase the home,or homes and rent them out. If you make a little a month your doing well, because your building equity and someone else is paying your morgage. Just my opinion though
Really Cheap Homes - good deals? - Posted by Ryan
Posted by Ryan on May 24, 2000 at 09:13:47:
My wife and I have been researching our local market, and there are a couple towns in our area where the home prices are just rediculously low. I know it’s because the school system is horrible and the towns have bad reputations overall - but seeing a single home for only $45,000 really makes me wonder if there isn’t some potential there…
Is it possible to flip properties in a market like this? Or would some other method work better?
Re: Really Cheap Homes - good deals? - Posted by Jim
Posted by Jim on May 26, 2000 at 24:31:20:
I would do some indepth research about…
If these are favorable, then you just might move right in and make a killing. BUT if not, apply caution. Myself, I wouldn’t mess with rentals and tenants (in low income areas). I’d rather have buyers of good deals I can create for them. Give them the PRIDE of ownership over being just a tenant. You may have less problems with them and you get more of their money in your pocket.