According to a new study by Trulia and RealtyTrack – 56% of U.S. renters and 47% of current homeowners are at least somewhat likely to purchase a foreclosed home. If you are an investor, now is the time to purchase properties and save money. As always, there are risks involved – most bank owned homes are sold “as-is”, there could be hidden costs and deferred maintenance issues, still-declining home values, and the rental market is still fluctuating. But if you have cash and credit – now is the time!!

If you aren’t sure if you qualify to purchase an investment property, contact our Principal Broker, Stephanie Hunt at stephanie@alpinepdx.com and she will help determine if you are qualified.