Already on ArticleSlash?

Forgot your password? Sign Up

Foreclosed House Listing

 


Visitors: 180

Ok so you think you've done your research and have found a foreclosed house listing that you believe will be a great deal to invest in. You look at what the house is worth and what is the minimum bid to buy the property (or what is owed on the house in order to pay it off in full). But do you really know whether the deal that you are looking to invest in, is truly a bargain? Can you really stand to profit from it?

What is your exit strategy? In other words, what are you planning on doing with the property once you have it under your control or under your possession? Are you going to fix it up and flip it? Or are you going to rent it out? Or are you going to reassign the contract to another real estate investor?

Having an exit strategy is extremely important, as this can make or break the profitability of the entire deal. In fact, it is so important to have an exit strategy, that you should make sure that you have it planned out before you acquire the property. If, in the course of researching your deals, you evaluate the exit strategies you have available to you, and you determine that you could actually end up losing money at the time that you go to resell it, or that your rent would not cover your mortgage, then it may not be a good deal to invest in after all.

So just exactly how do you research your foreclosed house listing to make sure that it is a deal http://www.ForeclosureCommando.com >worth invest in?

(290)

Article Source:


 
Rate this Article: 
 
How Buying a Foreclosed Home is Different
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Know Why Your House Is Not Being Sold- The Listing Agents And Their Reputation

by: Sumit Bhatnagar (June 14, 2007) 
(Real Estate/Selling)

Foreclosed Property - Buying Foreclosed Homes or Properties Is Your Savviest ..

by: Michael Ullman (May 04, 2008) 
(Real Estate/Foreclosures)

A Green House is a Clean House - Make Your House Eco Friendly

by: Wendy Pan (October 08, 2008) 
(Home Improvement)

Are You Looking to Buy a REO Aka Foreclosed Home

by: Stephen Ledford (October 27, 2008) 
(Real Estate/Buying)

Foreclosed Home

by: Kevin Simpson (November 09, 2008) 
(Real Estate/Foreclosures)

How to Buy Foreclosed Properties

by: Ron Victor (October 21, 2008) 
(Real Estate/Foreclosures)

Foreclosed HUD Homes

by: Kevin Simpson (November 10, 2008) 
(Real Estate/Foreclosures)

How Can I Get the Best Deal on a Foreclosed Home?

by: Jonathan Blackwell (June 15, 2008) 
(Real Estate/Foreclosures)

Buy Cheap Foreclosed Homes

by: Robert Grazian (June 15, 2008) 
(Real Estate/Foreclosures)

How Buying a Foreclosed Home is Different

by: Kevin Germain (April 21, 2010) 
(Real Estate/Foreclosures)