Potential Pitfalls Of Buying A Foreclosure (And How to Avoid Them)Posted by Alex Lewis on
“A dollar saved is a dollar earned,” wrote Benjamin Franklin. On the surface, Franklin’s famous adage offers simple advice: frugality is a form of financial investment.
But go just a little deeper, and the saying encourages us to discern between good discounts and misleading ones. Whatever the venture, an investor owes it to him or herself to take all risks into honest consideration before putting any money on the table.
Real estate is one of the most common forms of investment. It can be done through several methods, including buy-and-hold, property leasing, and house-flipping, among others. In recent years, shows like Fixer Upper on HGTV have popularized house flipping. This method involves purchasing a (low-cost) foreclosed property, performing all…
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