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Why Triplex Foreclosure Homes Are Great Investments

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By : John Cutts    99 or more times read
With hundreds of thousands of available properties to choose from in the real estate market, it is no longer surprising why many people find it difficult to choose among these foreclosures. You must be aware, though, that different properties possess unique opportunities. For instance, triplex foreclosure homes could definitely give a buyer distinct advantages and opportunities that could rival other investments.

Steady Cash Flow

Triplexes are perfect for a rentals business. Because of their highly functional multi-unit layouts that could hold large families, many people are drawn to them. And since people are naturally vulnerable to mobility, there will always be people who will be looking for multi-unit houses that can accommodate their growing families.

This could actually be a window of opportunity for you if you are looking for a property to invest in. Buying triplex foreclosure homes, sprucing them up a bit and renting them out can give you a steady cash flow that could sustain your whole lifestyle. The market is replete with many inexpensive triplexes that could give you the maximum profit potential.

Rental Profits

The good thing about renting out properties is having the ability to earn steadily without exerting much effort on your part. Save for a periodic maintenance checkup, a rentals business does not really entail a lot from you financially. In fact, if you invest in triplexes, you can be sure that a lot of potential renters will be just too eager to inquire about your space and property. And the best thing about a rentals business is that you are able to retain your property while earning from it over time.

Loan Advantage

Triplex foreclosure homes can also give you a better loan category adjustment which means that you can actually purchase them with only a minimum amount of down payment. This is because they are considered residential units. The Federal Housing Authority or FHA only requires a small down payment provided that you will live in at least one of the units.

In sum, triplex units are nice options even for a beginning investor. All these and more are good reasons why you should seriously consider these properties if you are looking for a good way to start your foreclosure investing.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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