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The Boston Real Estate BlogI am an independent real estate broker, focused on the residential real estate market in downtown Boston. |
How To Make Money Investing In Real Estate
Well, it ain't pretty.
When mortgage lenders get stuck owning dilapidated houses in shabby neighborhoods, they often call James Odell Barnes.
Mr. Barnes works the rock bottom of the housing market, what his lawyer calls the "sub-subprime market." He and his partners buy foreclosed homes by the dozens, sight unseen, often for just a few thousand dollars apiece. They resell them to low-income buyers who would have trouble qualifying for bank mortgages, providing many buyers with seller financing.
"The reason the banks call me is I will buy anything," says Mr. Barnes, 55 years old ...
Very interesting and sounds as though it can be very lucrative, although not necessarily the kind of work you or I would enjoy.
If you want to know how to make money investing in real estate, this article tells you how.
More: Bargain Basement: Foreclosure Rise Boosts This Investor's Bottom Line - By James R. Hagerty, The Wall Street Journal
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