Real Estate 101: How To Mine Short Sales for Quick Gains
Bank Owned Investment Property
Even in the worst recession since the 1930s, investors are still finding ways to fix up decrepit houses and later sell them for a profit.
The business plan is a little different from the peak of the housing market, of course, when steadily rising home values meant any renovated shack could fetch a higher value just months later. Instead, investors have a new focus: short sales.
Darrell Kucan, right, and Imran Clark, of Kucan & Clark Partners, specialize in “flipping” short-sale houses. They agree to buy the properties from the bank at a low price, fix them up, try to sell them quickly at a higher price.
To learn their secret of success in mining short sales and making money on real estate investments, click here to read the full article
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