If you have CASH to invest, you are Real Estate Royalty
One thing I have learned from this recession is this:
People are not going to buy a property, unless they
are getting an incredible bang for their buck. I have
also learned that this is not a buyer’s market, it is really
an investor’s market. It takes cash to get most deals done
these days.
In light of this realization, I present “Rock Bottom Real Estate“.
If you have the cash, you can get a Bungalow in Chicago, with at
least two bedrooms, and two bathrooms, for under $40K!!! That
is less than 20% of the median Chicago Home Purchase Price.
We’re talking dimes on the dollar.
You can also find multi-unit properties for less than $50K! The
only catch is that you have to pay cash. No financing or hard
money loans will be considered.
Granted, all of these properties will require some rehab work.
But at that price, there has to be some profit in there somewhere.
Property values have fallen dramatically, but rents have not.
This means this is a great opportunity to turn a rehab into a rental
or a rent-to-own property. Then you can sell your cash flowing
property to the next investor at a discount and still make a tidy profit.
There is also an extremely high demand for single family home rentals.
Note: I would stay away from flipping condos however, because it
will be harder to resell condos in the current mortgage environment.
Without exaggeration, I can honestly say, this may truly be one of the
greatest times to buy real estate in the last 30 years. This is because
banks are scared to lend money, so properties are just sitting on the
market. On top of that, more foreclosures are hitting the market everyday.
Right now, cash is king! If you have the cash (or 401K, IRA, CD, etc.)
you can get Real Estate at super deep discounts!!!
WITHOUT FURTHER ADO
Please click the following link for: Bungalows under $40K!
If you would like more information, please send me an e-mail!
Until the next time,
Mark Killion
Real Estate Broker
Century 21 Affiliated
5200 S. Harper Ave
Chicago, IL 60615
24 Hour Voice Mail: 312-242-1822
Send me a note!
Visit me online: www.773property.com
EQUAL HOUSING OPPORTUNITY
