Sunday, April 6, 2008

Some good news in The Cleveland Real Estate Market

I have never seen such opportunity to get into ownership as I have seen in this recent market. If you have ever dreamed of becoming a land baron this is the time to make your dreams a reality. If you have a stable income, good credit, some cash to work with and the ability to fix property it is time for you to get off the bench! The bank owned properties are selling for a substantially lower prices than normal resale properties. You have to be ready to replace torn out plumbing, update electrical and probably replace the furnace and hot water tank. Other than that some of these homes have really nice interiors. Years back when a bank owned property came on the market it was pretty beat up. With the pace of foreclosures and people just simply giving back their homes it has become and incredible opportunity for the wanna be investor. Some words of advise though, don't bite off more than you can handle. I have seen some really good people take on too many properties or extend themselves to far out just to find themselves in the same boat as the people they hoped to profit from.

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