Quote:
Originally Posted by andersonx  Hey.
***However, I also realise a lot of scammers use the internet, so honestly - I'm hyper paranoid about my due diligence, so don't even bother trying to scam me!  *** |
I have some friends who are trying to unload their house in Detroit. You can buy a house there for less than the cost of your average SUV. Like here:
12484 Laing Street, Detroit MI - Trulia
There is no way that Detroit real estate can do much but go up. I'm toying of the idea of buying a rental there. I'd have to resign myself to not renting it for awhile, and having maintenance costs and property management fees, which makes it a close call.
If you have connections in real estate, you can get weekly lists of foreclosed properties. I know there's a housing crisis in the UK. I don't know if you can get into anything for that sum, but real estate, if it isn't a bargain now, soon will be.
There are companies that make hard money loans to stop foreclosure. Some of them are pretty small and bring in small investors on particular deals (sometimes for duplexes and apartment buildings). I don't know if they exist in the UK, or if you can find them, but I'd look into it.
I've never had much luck picking killer stocks.