What’s the advantage to an investor of purchasing a certified rent ready property versus buying a bank foreclosed property?
With a rent ready property, you’ve eliminated the common worries investors face when purchasing an investment property “as is:” …managing the renovation, time delays, cost overruns, quality of construction, paying interest costs during the renovation and then securing a quality tenant and finding a conventional lender to refinance your investment. And, with a bank foreclosure, you never know exactly what the property will be worth after the renovation. With a Bluefields property the value is known up front and the risk eliminated.
Related Questions
- What are the disadvantages of purchasing property with the leaseback scheme as opposed to buying outright residential property and renting out?
- What’s the advantage to an investor of purchasing a certified rent ready property versus buying a bank foreclosed property?
- What is the advantage/disadvantage of buying a ready home or one under construction?
