The stock market is currently down 200 points after the election of a new president. Hmm, what to do.
Well I think the stock market is a great place to buy-NOW-however a more practical and stable approach is the rental market in real estate. Owning rentals is probably the best income generating investment today and even when the market changes tomorrow. Here are my top picks in the HUD market.
SOLD-31 Powers Drive in Lacona, NY. Just outside of sandy Creek is this 2483 sqft colonial home with 4 BR and 2 full baths on a half acre parcel. HUD had it priced at $36,000 but is now $32,400 and open to investors.
SOLD–My favorite pick is 2262 Lamson Rd. Phoenix in the town of Lysander. Sold in 2006 for $69,900. The home has 3 bedrooms 1 bath. The lot size is approx. 1.5 acres. Well and septic. HUD’s original asking price was $59,000 which went to $52,000 and sold then popped back on the market for $45,500 and awaits an investor or home owner occupant. There is one foot of water in the basement, the hot water heater and furnace will need replacing. Call if you dare for your showing today.