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Investing In Distressed Or Foreclosed Homes

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  • Saturday, June 03, 2006 @ 11:54 PM EDT
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I currently reside in my owner occupied condo and co-own a family home with my brother. I am interested in this growing market of loss migration property to increase my cash flow and eventually begin to purchase rental property. I have a connection who is anxious to enlist those in good standing like myself.

Can anyone inform me of the Pros and Cons of these deals?

Is this a good place to start to make short money?

Can anyone recommend literature regarding these deals?

Thanks to all in advance
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  • pqtwo
    pqtwo8th January, 2006
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    Thanks for the prompt response Bargain76!!

    Sound like a winner!!! I will begin scouring ASAP!!

    The PROS are perfect and the CONS work in my favor since I work full-time on a condensed 3 day work schedule. My benefits will keep me employed since I have a 10 month-old to keep healthy!!

    Now, how do I hold on to most of my capital gains?????

    Thanks in advance

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