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There are good deals and bad deals going on. If you're smart and know how to shop and have some access capital you can do great today. The weather disasters are a both a benefit and a detriment.
On the other hand, there are the constants of couples who buy a home, end up getting a divorce and the house goes to the wolves.
Outsourcing jobs is causing an inability to make those mortgage payments too. Good deals to be had there.
What's also good is you don't need money down. They're so hard up for someone to take over a property they're practically giving houses away. No dough at closing either. No forms, no proof of income. All you do is assume responsibility and make the payments, insurance, taxes and utilities and you can rule. They just want someone, anyone, to take over a property and put some money into it.
We mostly here work remote. We don't have to go to an office so we can sit at home with a DSL line and have a nice day. What's cool with that is you only need to hold the property for one year and you then decide to refinance or sell. Either way you're making more cash accessible.
I just talked to a pal who bought his house for $70k about 10 years ago. It's worth $250k today. His mortgage was fixed and he only pays $450 mortgage. Sure he could pay it all off but he says why?
Yep, you can find some awesome deals out here and if you work remote it's a heckuva lot better. All you need to bring home after taxes is $2k a month and there are some kick ass houses out here. 30-fixed that is.
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