Homes that house multiple families with separate accommodations in the same building. Condos, duplexes, and single/two-story apartment buildings are classified as multi-family homes.
Cheap multi family foreclosures are abundant these days, and they are a great way to make a valuable property investment for a discounted price. Buying multi family homes for sale allows you to rent the property right away and use the tenant payments as mortgage payments. And, if you can buy multi families properties for low prices, you'll be able to pay off your initial loan in no time and not only start turning a profit on rentals, but you'll own complete equity.
Multi family foreclosure homes are the single best way to find a great price on this type of real estate. Since multi family foreclosed homes are up for sale as repos, buyers can find huge discounts, sometimes as high as 50% below what the property is really worth. At Foreclosure Deals, we have a wealth of multi family foreclosures for sale from government sources (such as HUD and the VA department) and local bank sales. Browsing our lists will turn up multi family home listings in your area available for a fraction of their value, making investing at high value so much easier. We'll help you find foreclosures in any area you want, as well as provide advice on things like how to bid on your foreclosure multi family home auction and how to reduce extra costs like repairs and additional tax liens.
To get started, just visit us and perform a search of our listings for the kind of real estate you want today. We'll help you get the best deals on a wide range of multi family foreclosures for sale and start you on the road to a great purchase.