GoFuckYourself.com - Adult Webmaster Forum - View Single Post - New Home prices are finally dropping

venus · 08-17-2007, 09:35 PM

All the bad news about people getting forclosed on and banks getting scared to lend money is turning out to be a good thing. I went out looking at investment properties today and ended up buying a new 2100 sq ft house that was listed at $200k, it is not completed yet, but they said it should be done by the end of september. I got a good deal on it, they told me if I could do a quick close they would knock $30,000 off the price - but with investment properties they needed $15k down on the home, so it was to good to pass up. The end price was like 164k

lots of forclosures coming up on the market here also, some decent prices if you shop around. Anyone else buying investment houses?

08-17-2007, 09:35 PM
venus Confirmed User Industry Role: Join Date: Jan 2003 Location: Phoenix, Az Posts: 3,112	New Home prices are finally dropping - So bought an investment property All the bad news about people getting forclosed on and banks getting scared to lend money is turning out to be a good thing. I went out looking at investment properties today and ended up buying a new 2100 sq ft house that was listed at $200k, it is not completed yet, but they said it should be done by the end of september. I got a good deal on it, they told me if I could do a quick close they would knock $30,000 off the price - but with investment properties they needed $15k down on the home, so it was to good to pass up. The end price was like 164k lots of forclosures coming up on the market here also, some decent prices if you shop around. Anyone else buying investment houses? __________________ Muscle/Fitness Adult Affiliate Program Since 1997 www.venuscash.com