Real Estate
 

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

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.

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.

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

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.... :2 cents:

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.

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

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

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

let me know.. ill icq you..

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

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