Buying these houses is considered to be the most rewarding as well as the riskiest way to buy a property.
The rewards
?Good deals: most of the houses up for sale are really good. They are good for keeping as a home as well as selling off for profit.
?Range of discounts: there are a lots of discounts offered on these houses. On a deal an investor can get 35% to 45% discount on the present market values.
?Saving and earning: on such deals a person can save a lot of money while ensuring great returns on investment. This is the only real estate investment method that provides a sure shot chance of earning a jackpot.
The risks
?No chance of inspection: It is nearly impossible to inspect the houses unless the buyer checks them before the sale. Although a title search can be performed but that adds too much to the cost.
?Advance required: the buyer has to pay at least 10% of the purchase amount through a certified check. The rest of the money is to be usually paid in weeks an in some cases days or even mere hours.
?Lack of research: There always is a risk of buying the houses in foreclosure, which are of little value, because of the lack of research.
