Kristin and I are looking to buy another house for an investment. We are thinking of buying a bigger home and moving into that and renting out our current home. We like our home now but why not take advantage of the down market and upgrade into something bigger that will really pay off when the market turns around in a couple years.
So, for the past few weeks we have been checking out the foreclosed home market. You would not believe the deals that are out there. It's as if that are trying to give them away. Newer and larger family homes selling for $60-$90 dollars per sqare foot. That is unheard of.
Finally, after looking at about 20 homes or so we finally put a bid on a beautiful 3600 square foot home with five bedrooms and three full baths. It needs a little TLC (fresh paint and some minor repairs) but we might get it at a crazy price. We will keep you posted....
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