Wednesday, August 12, 2009

Opportunity to increase equity

In today's complex financial times everyone has become a financial expert. One sure way to make money is to buy low and sell high. Everyone who rushed to the market during the boom times was expecting to make money and some did. NOW is really the time to buy and invest in the real estate market. There is a huge opportunity in foreclosures and short sales to buy a home below market get a renovation loan and have immediate equity. Many first time home buyers will also qualify for the $8000 tax credit. Renovation loans or 203k loans provide a way for buyers to purchase and renovate in a single loan. 203k experts will help buyers with the process to make it easy to understand and implement. There are many factors that point to this being a great time to renovate and buy; rates are still low, contractors are slow and hungry, deals are available, and there is money to lend.

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