Louisville Short Sales | Can A Short Sale Make A Good Investment?
Many investors, usually beginning real estate investors, often ask whether or not purchasing a short sale would necessarily make a good investment.
Many of the homes that are coming back on to the market as Louisville short sales are homes that we These homes were often purchased using 100% financing and have adjustable rate mortgages. An experienced investor will tell you that an investment property should be purchased for no more then 65-70% of it’s repaired value.
Many of the loans going through a short sale are FHA backed. FHA insures to 82% of appraised value. The 82% is well above the commonly used 65-70% threshold. So does a short sale make a good investment? The answer is not over the short term, but can over the long term.
If you have any questions or need help with a short sale please contact me via my Naples Florida Short Sales website by clicking the link. You can also contact me via the form at the bottom of this blog.
Your Naples Florida Short Sales Expert,
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