Do Santa Cruz Foreclosures Make Good Rental Real Estate?
Posted by Lauren Spencer on
Even, perhaps especially, in an economic downturn, people are trying to make a living in the real estate market. “Flipping” houses used to be a great way to make a little cash, but not now. Many are now looking at long-term cash prospects, such as renting property, and Santa Cruz foreclosures seem to be a good start. But are they? Let’s take a look.
Finding a good rental property isn’t easy. It’s not like shopping; you can’t go into a real estate store and grab the first house off the rack that looks good on you. It’s a process of investigating, gaining knowledge and being realistic. This is especially true when looking at Santa Cruz foreclosures.
Homeowners who suffered foreclosure were unable to pay the mortgage. We all know that. What people…
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