Re: Question on investing in a rental

Re: Question on investing in a rental by Kathy (Oregon) on November 2, 2009 @14:47

Hello Kimberly, I'm a realtor in Oregon and the bank owned properties are really the best deals. They usually close in the normal time frame of 45-60 days. The short sales can take much longer and sometimes the seller goes bankrupt before the bank can even accept the offer. The other thing that goes on here, is the listing agent lowers the price just to get offers and the bank has not yet approved the listing price. It is a good time to buy, interest rates are low and I would suggest contacting a realtor with investor experience so they can tell you if it pencils out for you. I can refer you to someone in Florida if you would like???Kathy Hovermale, Prudential NW Properties, Redmond, Oregon

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