enterprising couple
In view of the current state of the economy, you will probably need a mortgage if you’re thinking of investing in a new home. I read that property prices in many areas are very low right now obviously compounded by the fact that some people may no longer be able to afford to continue making payments on their homes and are looking to sell.
So this is as good a time as any to pick up on these affordable prices on homes. This is exactly what I hear an acquaintance, who is a real estate agent, is trying to do. Since he’s an agent himself, he’s privy to some good properties which he himself then buys up, remodels and then resells them.
I hear from a mutual friend that he and his wife making some really good returns just by doing this. He has all the time in the world to be pursuing property all over the city since his children are grown and have careers of his own. So between him and his wife, they are buying up cheap property from people who default on their payment and then reselling them. A very enterprising couple in their retirement age, I would say.
Related Posts
