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05-20-2008, 09:05 PM #1
Fixer Upper
- Join Date
- May 2008
- Location
- Chicago
- Posts
- 15
Can someone help me buy a foreclosure?
I live in the Chicago Metro area...can someone help me buy a foreclosure with around $70K in equity for a $250,000
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05-20-2008, 09:54 PM #2
Home Owner
- Join Date
- Apr 2008
- Location
- Houston, Texas
- Posts
- 631
Well I can't help you do that in Chicago but I can help you beat those numbers in Houston. Let me know if you decide to start looking in Houston.
Originally Posted by kenneth christensen
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05-30-2008, 11:52 AM #3
Fixer Upper
- Join Date
- May 2008
- Location
- Chicago
- Posts
- 15
hey
What is the average price range in Houston?
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05-30-2008, 04:41 PM #4
Home Owner
- Join Date
- Apr 2008
- Location
- Houston, Texas
- Posts
- 631
The average home sale price in Houston is just over $200,000. We have foreclosures in decent areas selling for as little as $60,000. And they can be rented for around $1,000 a month. We also have homes in the nicer subdivisions with market values of of $250,000 selling for as little as $180,000. Most of these homes are in good repair and would rent for about $1,600. Originally Posted by kenneth christensen
You can check out properties on HAR.com and I have placed a link below to Kplinger's article about houston being the number one city for 2008.
http://www.kiplinger.com/features/ar...y-houston.htmlLast edited by jamesww; 05-30-2008 at 04:45 PM.
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05-30-2008, 08:35 PM #5
Fixer Upper
- Join Date
- May 2008
- Location
- Kansas City
- Posts
- 45
I wish you were in KC, there are so many foreclosure properties that are being up for sale. I myself recectly purchased a property for 23k and two years ago it was sold for $85k.
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