Could this be our reward for having the highest foreclosure rate in 2008?
Here are the cities where experts say it makes the most sense to buy now.
- Las Vegas
- Sacramento, Calif.
- San Diego, Calif.
- Los Angeles
- Detroit
- Phoenix
- San Francisco
- Washington, D.C.
- San Jose
- Atlanta
Check out Betty’s latest series “Lessons from the lemonade stand” for tips & techniques on creating wealth in a challenging economy.
If you’ve got a little cash lying around then I’ve got a deal for you.
At list price (and who pays list price anymore?) estimating expenses at $2500 per year and monthly rents at $550, this property can make that assertion.
If you keep your rental rate below $861, you may be able to market to tenants who receive asistance through the city housing program known as Section 8.
Worried about market appreciation? Hold on to it & collect your income.
In 81/2 years your original investment will be back in your pocket and all future income will be profit.
If you’re serious about becoming a millionaire real estate investor, you must look at this property but hurry because I’m not the only one who can do the math.
Let’s not forget the disclaimer: I’m providing these numbers for example only. You must do your own research and become comfortable with all the expenses and income that are associated with the property. This property is bank-owned and subject to all of the bank’s disclosures, bid process, etc.
Check out The Kincaid Team’s newest listing. This property is a steal at $35,000.
Please contact Jessica @ (702) 413-8872 for current comps and rental rates.
Don’t miss out on this fantastic opportunity.
Posted By: Jessica Kincaid
