Tuesday, July 19, 2005

Buying rental property: popular, profitable and perilous

Buying rental property: popular, profitable and perilous: "Almost one-fourth of all homes being sold in the U.S. are being grabbed up by investors. Why? Same reason 1930s-era thief Willie Sutton said he robbed banks -- that's where the money is.
The appeal of owning rental real estate lies in the promise of a big payoff. Real estate has been appreciating for years and last year was no exception. The median sales price of an existing single-family home across the country in February 2005 stood at $191,000, an increase of 11 percent from one year earlier, according to the NAR. At the same time the average condominium sales price stood at $210,700, a boost of 20.5 percent from one year earlier. "
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

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