I am so excited to call this article to your attention because it’s something we’ve known for a long time – that this is a great time to be a real estate investor. While the housing bust has created a lot of challenges, there are also a ton of opportunities. There are literally thousands of homes on the market today priced at or below $10,000!
Most of these bargain-basement priced homes are foreclosures, and some are just considered worthless. According to Realtor.com, in the 10 largest metro areas, there are at 100-200+ homes in this price range. Seventeen more have at least 100 homes available for $15,000 or less. But in order to turn these opportunities into money in your pocket, it’s important to understand the community and any housing recovery plan or programs that may be in place. As we say, focus on your sweet spot and do your research. A successful investor is a smart investor.
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