REO properties are repossessed properties that were not sold through a foreclosure auction. They are much cheaper Houston investment property options compared to a brand new home. REO properties are sold through each lender's loss mitigation department. Many lenders present bank owned real estate via their company website. REO properties are great homes for investors to buy because they are generally paying below market for the home, and there is a lot of inventory and selection.
passive income
People always need places to call home and this includes during tough economic times as well. Human life cannot be complete in the absence of basic needs such as shelter and food. Truthfully, majority of us would relish at the thought of having a good single-family home where we could go to at the end of a busy day. Although investing in residential real estate is a great investment, it can also be profitable if the investment is done in the correct way.
Residential Real Estate Investing: Financing the American Dream
For quite a while investors have been using their money to purchase some stock or other. Those who knew how to handle money were moving from one investment to the next quite quickly that those who were still new were left at a loss wondering how, when and where to do their investing. Investing in commercial real estates just like investing in anything else is not meant for everyone. It requires vision and quite a bit more money to invest initially. However, investing in real estate for commercial reasons might require more than vision and money, it also needs economic forecasting and no doubt, some luck.