REO's are foreclosures owned by the Banks. Every area now has them and Price is not the only yardstick of value.
How can you make money on REO's is simple. Buy Low and Sell High
Given the hundreds of markets and thousands of properties, what is Best?
That is a good question and it is individual.
The reason so many people got foreclosed was the Rich Dad Theories made a lot of Poor Dad's
Now is the time to buy property with INCOME.
It will be a year or more for any easing of the Credit Crisis.
What areas are best? Right now California is KING.
We have targeted a local market that is priced at 1986.
Good income and sizable upside.
The Key is knowledge and skill.
Some buyers will be all cash and others will use financing.
Find out what works.