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7 Tips for Investing in Distressed Properties [Video]

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Distressed properties are properties that have experienced plenty of damage—and are thus much cheaper investments. Damages to distressed properties could include fire damage, flood damage and much more. Since these types of properties require many repairs and renovations before reselling, they are usually quite risky, especially for new investors. However, there are ways to make a huge profit from distressed properties.

Distressed properties are so cheap that the cost of repairs and renovations could be minimal compared to the potential profit. If you want to invest in a distressed property, it’s important to do plenty of research and be aware of the risks involved. Having a good strategy in place can ensure that purchasing a distressed property will result in larger profits.

If you’ve found a distressed property for a good price, it’s important to do plenty of research before buying. Consider having a specialist inspect the property and check …

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Investors

Laval police investigate after homebuyers lose millions when real estate developer goes bankrupt [Video]

After speaking to some 20 families who lost millions in deposits when local real estate developer Bel-Habitat went bankrupt last week, Laval Mayor Marc Demers is promising support.