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Based on a 30 year fixed-rate of
5.75% with $22,500 (10%) down.
Foreclosurefreesearch.com is the best place on the Web to discover unbelievable real estate deals.
Many of these “diamonds in the rough” are often priced well below market value because the properties need to be fixed up or have recently been rehabilitated.
Often referred to as handyman specials, these properties represent enormous potential because it often costs very little to refurbish - and perhaps even "flip" - them in a few weeks for significant savings... or profits.
Indeed, Fixer-upper homes and rehab properties are generally ideal properties to purchase, repair and resell because it can usually be done quickly and inexpensively.
And the return on investment can be huge.
Sometimes, all it takes is a good scrubbing, new carpets, a few coats of fresh paint and some landscaping to turn a handyman special into a beautiful home.
Naturally, every situation is different and requires a good deal of research — not only on the home, but also the surrounding neighborhood. For best results, use Foreclosurefreesearch.com to identify several listings in your area. Then, take the time to decide on opportunity that is right for you.
The handyman special that you can fix up — or buy — in the shortest amount of time and resell quickly for profit is the one that you should pursue.
Because then you have found yourself a true diamond in the rough.