You’ve heard me say it before – there’s big money to be made in this very difficult housing market. Foreclosures are aplenty, with an equally high number of people ready to buy or rent the property on the other side, once you figure out your exit strategy. My home town of Cleveland is one of those markets where the opportunity is ripe. Home prices are low, but rental rates remain high. In fact, investors can quickly recoup their money, often in well under a year.
The biggest challenge can be making sure you have enough investment capital to fund your foreclosure purchases (which is something I can help you with, too). In addition to helping build the profits for investors, buying and fixing up foreclosures boost many different segments including cleanup and repair of the properties, as well as maintenance and property management.
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