Real Estate - GoFuckYourself.com

iguess · 01-13-2009, 08:05 PM

Im looking for foreclosure properties for section 8. Nice ROI. what about texas,louisiana or nevada?

After Shock Media · 01-13-2009, 08:06 PM

No need to even get section 8 here. If you can get the loans to buy, you can get places for cheaper than rents.

BTW section 8 is a hassle and a half and I would have to have better than a "nice" ROI to ever touch it again.

Kelli58 · 01-13-2009, 08:09 PM

I was looking at properties in Houston lately, not section 8 homes but foreclosed properties in middle to upper middle class areas.

I found several homes that are selling for more than half their value. For example I found a house about 2 blocks away from my parent's home that is about 1500 square feet, that would in a normal market probably go for around $100,000 to $110,000. The house is being sold for $49,000.

About 3 blocks away from that there is a house that is about 1900 sq feet, again this is a very nice neighborhood just blocks away from an elementary school in a highly rated school district that was being listed at $56,000. In a better market, that house could go for as much as $150,000.

FreeHugeMovies · 01-13-2009, 08:20 PM

Buy a short sale property and not a foreclosed one. You don't have to deal with the banks as much.

marketsmart · 01-13-2009, 08:23 PM

Quote:

Originally Posted by iguess

Im looking for foreclosure properties for section 8. Nice ROI. what about texas,louisiana or nevada?

do yourself a favor... go buy a condemned crack house, go inside it and repeatedly kick yourself in the balls..

and finally take your wallet and set it on fire...

you will now know what it's like to rent to section 8's....

After Shock Media · 01-13-2009, 08:24 PM

Quote:

Originally Posted by FreeHugeMovies

Buy a short sale property and not a foreclosed one. You don't have to deal with the banks as much.

Really? I thought on a short you have to get the banks approval first and sometimes more than one bank - getting them to accept the lessor amount. Where a foreclosure price is just that.

Dagwolf · 01-13-2009, 08:31 PM

Real estate is so much better than fake estate, where investment value is concerned.

HandballJim · 01-13-2009, 10:32 PM

Quote:

I was looking at properties in Houston lately, not section 8 homes but foreclosed properties in middle to upper middle class areas.

I found several homes that are selling for more than half their value. For example I found a house about 2 blocks away from my parent's home that is about 1500 square feet, that would in a normal market probably go for around $100,000 to $110,000. The house is being sold for $49,000.

About 3 blocks away from that there is a house that is about 1900 sq feet, again this is a very nice neighborhood just blocks away from an elementary school in a highly rated school district that was being listed at $56,000. In a better market, that house could go for as much as $150,000.

If these homes your talking about are in good shape that is a great deal...here in NY you couldn't buy a house burnned down for those prices. Of course here the cost of living is different, but those homes are still very cheap. The cheapest prices here in NYC that I have seen, in a not so great area was $220,000 But the cheapest house that you would want to raise a family in over here would cost you about $450,000

iguess · 01-21-2009, 03:42 AM

Damn kelli what area in houston was that? im looking at foreclosures?katy area or off 10 somewhere?

let me know.. ill icq you..

Quote:

Originally Posted by Kelli58

I was looking at properties in Houston lately, not section 8 homes but foreclosed properties in middle to upper middle class areas.

I found several homes that are selling for more than half their value. For example I found a house about 2 blocks away from my parent's home that is about 1500 square feet, that would in a normal market probably go for around $100,000 to $110,000. The house is being sold for $49,000.

About 3 blocks away from that there is a house that is about 1900 sq feet, again this is a very nice neighborhood just blocks away from an elementary school in a highly rated school district that was being listed at $56,000. In a better market, that house could go for as much as $150,000.

VIPimp · 01-21-2009, 03:48 AM

Come here to the Bay Area...
Lots of foreclosures priced really low.

VIPimp · 01-21-2009, 03:52 AM

Quote:

Originally Posted by FreeHugeMovies

Buy a short sale property and not a foreclosed one. You don't have to deal with the banks as much.

Are you sure about that? I've seen the opposite.

01-13-2009, 08:05 PM	#1
iguess Confirmed User Join Date: Aug 2005 Posts: 691	Real Estate Im looking for foreclosure properties for section 8. Nice ROI. what about texas,louisiana or nevada? __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

01-13-2009, 08:06 PM	#2
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	No need to even get section 8 here. If you can get the loans to buy, you can get places for cheaper than rents. BTW section 8 is a hassle and a half and I would have to have better than a "nice" ROI to ever touch it again. __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

01-13-2009, 08:09 PM	#3
Kelli58 Confirmed User Industry Role: Join Date: Aug 2006 Location: Texas Posts: 2,078	I was looking at properties in Houston lately, not section 8 homes but foreclosed properties in middle to upper middle class areas. I found several homes that are selling for more than half their value. For example I found a house about 2 blocks away from my parent's home that is about 1500 square feet, that would in a normal market probably go for around $100,000 to $110,000. The house is being sold for $49,000. About 3 blocks away from that there is a house that is about 1900 sq feet, again this is a very nice neighborhood just blocks away from an elementary school in a highly rated school district that was being listed at $56,000. In a better market, that house could go for as much as $150,000. __________________ Kandy AI 🍭🍬 Take a bite out of censorship 🍭🍬 We believe in empowering adults to use AI as they see fit. 👉 Get AI to write your scene descriptions for you 👈

01-13-2009, 08:31 PM	#7
Dagwolf President of Canada Join Date: Sep 2003 Location: Leaving Hell, Entering Limbo Posts: 23,141	Real estate is so much better than fake estate, where investment value is concerned. __________________ Sleep well, and dream of large women.

01-13-2009, 08:20 PM	#4
FreeHugeMovies Too lazy to set a custom title Join Date: Dec 2001 Location: Charlotte, NC Posts: 14,137	Buy a short sale property and not a foreclosed one. You don't have to deal with the banks as much.

01-21-2009, 03:48 AM	#10
VIPimp Marina WILL have my babies! Industry Role: Join Date: May 2003 Posts: 9,234	Come here to the Bay Area... Lots of foreclosures priced really low.