Quote:
Originally Posted by invazn
That is exactly what my mom is trying to get into right now. She is a restaurateur and real estate woman, but she is reading millionaire books and attending seminars about taking over payments on foreclosed properties lol.
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Nice!! There was a foreclosure house that my fiance and I saw a couple days ago. That was selling for $220,000. It has never been lived in, brand frickin new. The people who built the home (it's only like 1 1/2yrs old) put like $60K in upgrades into it, and it originally sold for $480,000. It's in a very nice neighborhood in a newer part of town.
I also found a house for $78,000 (foreclosure) that needed a little love, maybe like $10,000 to make it brand new again, and was originally valued it $245,000 just under 1yr ago.