The Investment Scientist

Posts Tagged ‘short sale

house for sale

House for sale

Last week, my wife found another fabulous piece of real estate to invest in. It is a two bedroom/one bath bungalow. It is a 10-minute walk from a metro (subway) station and 15-minute walk from lots of amenities.

It is a short sale; the bank-approved asking price is only $155k.  The land is about 0.3 acres adjacent to a park and is worth more than the entire asking price.

It is a very interesting investment decision for us. Let me list the pros and cons.

Read the rest of this entry »


Author

Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC.

Twitter: @mzhuang

Error: Please make sure the Twitter account is public.

Archives

%d bloggers like this: