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The buy-and-flip is also easier in rising markets, but there are precious few around. But Washington, D.C., is on the list, being one of only two metro areas to record year-over-year price increases, according to the most recent Case-Shiller 20-city home price index.
"Most of my clients go through four of five properties a month," said Justin Konz of RestorationCapital, which finances many D.C.-area purchases. He claimed his clients are making gross margins of 35% or higher.
Perhaps a great way for the unemployed to make six figures?
I was thinking it might be a good time to buy up some yhouses as rental property. Many who have sufferred foreclosure may become lifetime renters. But, if the Obama tax plan moves forward it might not be worth it. Atlas may have to keep on shrugging.
I was thinking it might be a good time to buy up some yhouses as rental property. Many who have sufferred foreclosure may become lifetime renters. But, if the Obama tax plan moves forward it might not be worth it. Atlas may have to keep on shrugging.
Well, it seems that the smartest investors in America are scooping up cheap real estate. It is a great inflation hedge.
As this is the best time in 50 years to buy homes, Paulson advised his listeners, crowded into 3 separate dining rooms, to issue 30 year mortgages to buy a home as “your debt and interest payments get locked in at record lows, while the price of your home will rise.”
Detroit, Nevada, Florida and Arizona may hold the key to future landowner wealth in America.
It never left. It can work in any market if you know what to buy.
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