This post was published 3 months 17 days ago, which may mean this home is not for sale anymore. You can always call to check current availability. FDotD or The Address Realty is not responsible for any misunderstanding. It should be pretty clear.
Use cheap and easy home financing to buy this investor asset. The rules say that residential income property up to 4 units can be financed with regular home financing, making 4 plexes attractive starter investments. Buy this with favorable low interest and low down-payment financing. Live in one unit, while you fix up the others nice enough to rent over market. Your 3 good tenants pay for your investment. Rinse and repeat. This has been a traditional wealth building strategy in all kinds of real estate markets, but under our current housing market conditions, it is particularly interesting. Rent inflation increases as housing prices and interest rates continue to decline. This nexus of opportunity won’t last forever, but your good real estate decisions made now will echo across time. There are 5 multi-family units listed as REO property in our MLS at the link. Representing the bank/seller on today’s opportunity is foreclosure listing agent Dustin Foster of the Real Estate Group. He writes of it:
“Exceptional buy on this 4 Plex offering 3/2 units with attached garages! All offers must have Bank of America prequal letter. Please allow 4-6 days for seller response to any offers.”
Local real estate prices are about half what they were at the peak, having fallen to price levels last seen more than a decade ago in many cases. What are the chances of that happening again? Not impossible. But improbable. Take advantage of probability.
Call or Text (530) 255 4070
We have helped investors buy local foreclosed properties. We can even help you learn how to use your retirement savings as a self-directed IRA, allowing you to take advantage of these favorable conditions. A terrific way to diversify your investments in a way that offers you control, unlike some distant mutual fund. Thanks for your support of FDotD!
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