Investors Foreclosures
Given the recent rise in foreclosure activity in the USA, how can one profit from these foreclosures?
What are some ways an investor can profit during this time of foreclosure acitvity? Should I buy a house at auction then “flip” it? What are the banks and lenders doing with the houses and how can one get involved? N.B. I am a licensed building contractor in CA.
It takes a little savvy to do it right. I highly suggest you look at flipping in the longer term since the market has changed. Instead of looking to immediately flip houses, I suggest you keep each house to rent until the market changes. Your rental income can be used to finance future purchases and by the time the market changes you will be in a position to liquidate everything and retire!
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