There is a foreclosure in your area right now that would be a perfect opportunity. The property is in fairly decent condition-justs needs some cleaning, painting, carpet and scraping. This house should give you some pretty good returns. If you are interested--drop me a line or give me a call.
Al Dobbs
addrealty@aol.com
224-365-4201

Deb,
Saavy investors will tell you they make their money "when they buy" - not when they sell. SO BUY RIGHT! Make sure you have a very clear idea on your carrying costs, the total cost to renovate (very important), the time required for the rehab and the after repaired value of your rehab (what the property will be worth when completed). Some investors utilize a formula when buying a rehab. It goes like this: ARV X 70% - repairs = maximum allowable offer. ARV stands for "after repaired value". There are other considerations if you are looking to hold and rent after renovation. Let me know if I can be of service to you, Mark Tracy Keller Williams Success Realty 815-715-0535

Hi Deb,

First, it will be impossible to pick the low in the housing market as you will not know we were there until about 6 months after the fact. Could housing prices fall? Certainly. However, there are some discounted properties out there, most are either foreclosures and/or short sales. There are many different ways to invest in real estate and I would be happy to discuss this with you. I can be reached at 847-829-0130.

Scott Epstein
Broker/Owner
IllinoisRealEstate.com
Realty Resources LLC
(847) 829-0130