Foreclosures in Washington DC
Foreclosures can be an important part of any real estate investor's portfolio, but it is also important to remember that many of the most successful real estate investors have made fortunes with diversified portfolios. Looking over the following information will help you make knowledgeable decisions about where best to invest your real estate dollars.
Foreclosures are properties repossessed by the bank from homeowners who were able to make their mortgage payments. The bank then turns around and resells or auctions off the property.
Other parts of a diversified portfolio strategy would include buying wholesale properties and purchasing pre-foreclosures. Washington DC foreclosures are an important part of real estate investing, but don't forget to keep wholesale properties and pre-foreclosures in mind as you search for a Washington DC property.
Foreclosures have become one of the most sought after types of properties for Washington DC investors. This means prices tend to go up and the average auction bid or offer becomes hard to beat.
Because of the over shopped market and escalating prices, it becomes a lot hard to find a good foreclosure property at bargain price. For real estate investors, time is money. Instead of wasting time endlessly looking for that deal you might end up getting, you could be actually purchasing other properties.
There's a simple rule in real estate investing: the more you spend on properties, the less you'll make. The more time you spend searching for foreclosure properties, the less likely you are to be able to bid on them.
A better way to find bargain properties that will allow you to make a good profit other than foreclosures is through listings of wholesale properties. At MyHouseDeals.com we provide exclusive listings of the best wholesale properties to our members. Our listings are up to date and contain all the details you'll need to quickly assess a property. We include information on property location, seller, property value and potential repairs.
Most listings at MyHouseDeals.com are exclusive to us. This means far fewer people will be using the information. You won't run into the mad rush of investors looking for foreclosure housing in DC. Instead you'll have access to quality wholesale and pre-foreclosure listings. Our properties are not listed on the MLS and won't be found in foreclosure lists.
Pump up your potential profit. Wean yourself from your dependence on foreclosure properties and start looking into the wholesale property market today. Isn't it time you jump started your real estate investment career? Wouldn't it be nice to insure a healthy financial future? Become a member for free today by clicking the button below!