Investors looking for a real estate bargain should begin by looking into foreclosed and distressed homes. Bargain homes often will require some repair, but keep in mind that while you are looking to save money by buying "bargain" homes, you wouldn't want to buy a property that's completely rundown and irreparable. When searching for and buying Bargain Properties, here are some key principles to consider:
Consider the property's overall price. Before buying a below market price property, do some research. Find out why the price was cut. Chances are if it's not for financial reasons or that they are moving or relocating, there is some underlying issues with it.
