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It seems like foreclosures in my neighborhood are creating opportunities for real estate investments at bargain prices. Is now a good time to get into the market?

Posted by  on Apr 19, 2009
 

That depends on your goals. If you intend to grow revenue from renting and you can afford a significant down payment on an investment property, this market could reward you. It may be harder to find mortgage quotes for a proposed rental property, and you'll pay more than today's best mortgage rates. However, the spread between a home's distressed sale price and its appraised value could net you a significant gain over time.



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