Real estate investing, even in the real estate market of today, is still a way to ensure lasting financial security. It is a fast and safe method of wealth creation and buying foreclosed homes for sale has always been a popular investment method. Homes for sale due to foreclosures are at an all time high that apparently has not been seen in the past thirty years.
This was 2006 and the real estate market was still hot. This is how I was able to start in rental property! I crunched the numbers and figured out that the rental income would more than cover my mortgage, insurance, association fees, and repairs. We also had enough money for a 10% down-payment for a new home so we didn't need to sell the townhouse to buy a new home.
One year after federal bank regulators pledged that a nearly $10 billion legal settlement would quickly deliver cash to foreclosure abuse victims, hundreds of thousands of people are still checking their mailboxes each day, only to find them empty. As of January, about 732,000 settlement checks had not been cashed, according to data shared with The Huffington Post by the Office of the Comptroller of the Currency -- a number that exceeds the entire population of Baltimore.