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UpTwoBucks

Great article. Many people believe that with the market in it's current condition it is not the time to buy foreclosures. That is not the case. Many of the houses in foreclosure are at great bargain prices. Some are more than a 50% discount. The banks need these homes off the books. I've heard many people say they can't afford to sit on the property long enough to profit or they are scared because there are to many rentals on the market, but you have to look at it this way. Many of the rentals on the market are homeowners that could not afford to make their payments, so instead of foreclosure they elect to rent it out to someone who can make the payment, saving their credit. When buying foreclosures at 50% off (or more), you will have a lower monthly payment, allowing you to rent out your property at a much lower rate than most rentals on the market today. Remember this, the more foreclosures we have, the more rentals will be needed.

Rick Gaspard
http://www.bankseizedinve...(Read more of this comment)stments.com(Show less of this comment)