Posts Tagged ‘short 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.
