Wednesday, April 24, 2013

Invest in Alabama Real Estate Foreclosures

Alabama Real Estate

If you are looking for a good investment, then you might want to take a look at the Alabama real estate foreclosure market. There are some very good deals to be made with foreclosures, and these homes are on the market right now. Normally, the bank just wants to unload them and get some of their money back. They are not into the real estate business. So, if you want to get a house for cheap, then maybe the Alabama real estate foreclosure market is the way to go.
There are many different counties in Alabama, some of which may have better deals than others. The following is a list of counties in Alabama which currently have foreclosed properties for sale: Elmore, Montgomery, Lowndes, Perry, Cullman, Blount, Saint Clair, Coosa, Dallas, Hale, Bibb, Jefferson, Chilton, Autauga, Winston, Lee, Russell, Randolph, Chambers, Cleburne and many more.....You can get free foreclosure lists from foreclosure companies and see the entire foreclosure market at once.
You can use the foreclosure property for either your own personal property, or for rentals. This would be an excellent source of income, especially from Alabama foreclosures. These foreclosures are very cheap, as the cost of living is very cheap in Alabama. I personally have bought a foreclosed home before. I used it as my personal home. I did most of the repairs myself, and the larger jobs, I had contracted out. I only had 3 weeks to get everything done to move in, but it was all worth it. In the end, I owned the house for 2 years, and walked away with a $40,000 profit from it. I would definitely do it again.
With the housing market on the bubble, and the number of foreclosures on the rise, now is the perfect opportunity to invest in the Alabama real estate foreclosure market, and get yourself set up for the future.