Re: California - Posted by Gordon
Posted by Gordon on November 25, 1998 at 23:28:18:
Have you tried VA foreclosures? There is a gold mine hidden in these gems.
I don’t live in L.A., but, not far from there. The VA (Veteran’s Administration) sells foreclosed homes to anyone, and even finances the properties to investors with 10% down @ a low interest rate.
One of the best things about these homes is that they usually sell them well under market value. Most of them do need some sort of fixing up, but, usually not too much.
In fact I just won a bid on a VA foreclosure yesterday, for $30,000 to $35,000 below market value. It will require approximately $4,000 to repair, if I perform most of the work.
If you are interested here is the web site address:
You will need to find a real estate agent in your area who can help you. There are certain agents who deal with this type of property.
Good Luck, Gordon