03-08-2010, 11:05 PM #1Condominium
- Join Date
- Oct 2009
- Tampa, FL
A Dummys Guide To Bank Owned House Investing
So why are many investors targeting bank owned houses, known as real estate owned properties (REOs) in the housing industry. Listed below are some of the reasons why bank owned homes appeal to real estate investors.
1. Cheap Prices
2. Clean Titles
3. Vacant Properties
Investors also prefer repossessed homes because they can inspect the properties. Bank owned houses are usually vacant, allowing investors to examine the properties before making a decision.
Last edited by rehablist12; 03-08-2010 at 11:11 PM.
03-09-2010, 03:24 AM #2Fixer Upper
- Join Date
- Feb 2010
- Madison Heights, MI, USA
- Blog Entries
Where do you go for more info?
How do you suggest that an investor position himself/herself to begin looking at bank-owned houses?Section 8 Pros
16250 Northland Drive, Suite 242
Southfield, MI 48075
Landlords: Let us help you remove your stress.
Tenants: (not only Section 8) Let us help you find the home you really want.
Without a doubt foreclosed homes can present many great opportunities for investors. They key is finding a great agent to let you know about these homes as soon as they hit the market. Time is of the essence with the great deals in my market!