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Nothing Wrong With Buying A Flip As Long As It Is A Good One
By admin | June 5, 2007
Flips are beginning to crowd the market as home sales slow. Investors who mistimed the market are finding that it is taking much longer than they planned to resell their property. Some who bought with the idea of renting for a few years to allow some natural appreciation are seeing their adjustable rate mortgages resetting to levels incompatible with the local rental market.
So why should a buyer care if it is a flip?
Topics: Mortgage News |