Re: thinking of buying some foreclosed properties
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Another thing - it seems to me like you're buying primarily for appreciation. That is not the best way to invest in RE.
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So what is the best way to invest in RE?
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There are three ways that work good. First, you can buy properties for cash flow (become a landlord). Second, you can buy properties for less than market value and then sell them at market value. Third, you can 'force' appreciation by buying distressed properties and improving them. A variant to the third option is to buy properties that have 'higer and better' uses or where profitable zoning changes can be made.
Usually you have to do some combination of the three in any one good deal.
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