Real Estate Investing Blog

When you are thinking that as a part of your real estate investment business you want to buy foreclosures, it’s important to know where to look. In other words, you’re going to want to be sure that you are buying foreclosure properties that are located in the right areas - in areas where you will be able to turn around and sell the property for a profit.

This isn’t just my opinion, it’s also something the Forbes magazine has been talking about:

(source)Only today’s bravest buyers would consider homes in cities like Las Vegas and Tampa, where rampant foreclosures are sinking already weak real estate markets.

But in markets in other cities, where there are hints of stabilization, foreclosed properties might be a good investment.

You’ll find such spots in the Sunbelt, home to Charlotte, N.C., Raleigh, N.C., Oklahoma City, San Antonio, and Albuquerque, N.M. These five cities topped our list of Best Places To Buy Foreclosed Homes.

In other words, there are some areas that are far better than others when you are looking into buying foreclosure properties; you don’t want to buy a foreclosure in an area where the home prices continue to fall - but then, that all comes down to doing your homework and evaluating deals. It’s essential, when you’re buying foreclosures or other properties to focus on the big picture and, of course, your bottom line.

This entry was posted on Monday, May 19th, 2008 at 2:22 pm and is filed under Foreclosures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.