Create Lasting Wealth Investing in Foreclosures & Distressed Properties. Save 20-45% from today’s market value - Get FREE Foreclosure Lists & Learn How to Buy Foreclosures, Bank Owned/REO’s, Short Sale & Pre-Foreclosures!
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With the dramatic rise in foreclosures over the past year and no end in site to this trend, savvy real estate investors have an opportunity to realize substantial profit from buying property at the foreclosure auctions. Take the following example from last Friday’s King County, Washington auction.
This home, on Beach Drive in West Seattle, has spectacular views of the Puget Sound. The current market value of this home is between $810,000-$840,000. You could have purchased this home, last Friday, for $623,311.00. That amounts to an immediate gain in equity of between $186,000 - $216,000.
That is just one example of many of the kind of deals you can get when you purchase at the auctions. This type of investing is not for the novice or faint of heart, but the rewards can be tremendous.
The Author: Real Estate Investment Firm
About: Matt Steel is the founder and president of Real Estate Investment Firm. Matt works with his real estate team, all specialists, helping buyers and sellers of distressed properties come together and complete a win-win real estate transaction. They've helped many new home buyers and investors find the right home or property in Washington. Matt and his dedicated Washington real estate investment team have the resources to find exactly the type of property you are looking for at a great price.
This entry was posted by Real Estate Investment Firm, on Friday, October 12th, 2007 at 7:09 pm and is filed under Foreclosures, Marketplace. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.
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