Buy bank-owned properties at fire-sale prices! Banks and lending institutions today own more than one million foreclosed properties, and two million more are in the foreclosure pipeline.
Foreclosed homes need a lot of TLC before they are ready for an open house. With a large inventory of bank-owned properties, there’s a need to hire cleaners. - The Penny Hoarder www.
Flipping houses and owning buy and hold rental properties are two of the most popular real estate strategies. These two strategies work very differently, and generally I recommend that you choose one path.