What will make your investment even more profitable is if you buy foreclosed duplex units.
Why Go With Foreclosures The logic behind buying repossessed properties is simple.
Since these homes were foreclosed by the bank because of mortgage default, they are usually underpriced when put up for sale in the market.
Most mortgage lenders would want to get rid of the property as soon as they can in order to recover their loss.
Obviously, this means more savings for home buyers.
Aside from the money saved, buyers will also not have a hard time looking for duplex homes for sale in the foreclosure market considering the current housing situation.
With the collapse of the mortgage industry a couple of years ago, the market has been saturated with millions of distressed properties, creating a market which favors buyers over sellers.
Foreclosure investing has actually become quite popular these days.
With just a small capital, you can start your business.
Most investors prefer subscribing to foreclosure listings because of the convenience they offer.
You can even browse their database according to certain categories like location, amenities and price range.
Why Duplex Properties A lot of investors who are into foreclosure investing would realize the greater potential of flipping duplex homes.
If you think about it, it is like buying two houses for the price of one.
You can fix the units and re-sell them at market value.
You will surely be impressed with the profit that you will earn.
On the other hand, there is also the option to rent the property.
You will enjoy continuous income and enjoy a faster return on your investment.
When home prices stabilize, you will love how your investment will double considering that the duplex homes for sale is basically two residential properties.