Short Sales, Foreclosures & Other Investment Opportunities in Greater Danbury

With the amount of short sales & foreclosures across the country & in the Greater Danbury Area, it is a good opportunity to pick up some real estate and rent out. There are several different calculators flouting around the internet & in books that have a bunch of different formulas that try to guide you in deciding if it is a good property to rent out or not. Here is a website that I found that is very helpful, because it not only talks about cash flow, but also any change to net worth. This should be not taken as tax or investment advice as you would get from your accountant, tax advisor or personal banker.

Often times, there is a belief that you will get a better deal with a short sale or a bank owned property because it is a distress situation where they need to sell. In my experience at looking at some short sales & foreclosures in the Greater Danbury area, they are priced cheaper than a regular homeowner because the properties do need a good amount of work done to make them habitable to rent out.On top of making the investment properties habitable, it can take several months to close on the short sale & foreclosure properties. You might do better off negotiating with a motivated 'regular' home seller so you can start collecting rent soon.

Properties are not selling for 50 cents on the dollar. The 'good deals' are selling close to around 97% of the listing price. There are even situations of multiple offers. I am still seeing plenty of opportunities for smart investors in the multi family market where buyers should be able to break even every month, if not come out ahead some money every month.

Visit my website & contact me to find out about these great opportunities.