With a number of real estate markets still reeling in the midst of the nation’s economic crisis, bargains persist for savvy investors looking to add to their portfolios of rental properties. Prices have even gone low enough in some markets for so-called flippers to purchase, rehabilitate and resell properties in the short term.
“As the national economy continues to laboriously work its way back to prosperity in an uncertain future, the dynamics of local real estate markets continue to offer opportunities for investors to purchase properties at exceptional discounts,” said James Saccacio, chief executive officer of RealtyTrac. “The old saying that there’s no better time than the present has never been truer than it is today.”
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