Contractors Profit from Foreclosed Homes for Sale in Chicago
Some residential contractors have been profiting from foreclosed homes for sale in Chicago. They repair foreclosures at an average cost of $51,000 and then resell them at a profit or rent them out.
Some residential contractors have been profiting from foreclosed homes for sale in Chicago. Because the demand for newly-built homes has declined, some home building contractors has turned to properties purchased from foreclosed home listings to earn money, and because they have strong experiences in home building, they are able to make more money from lower-priced properties that they can fix, restore and sell for higher prices.
These contractors also do not like to be called house flippers or rehabbers. They insist they are a different kind of breed of real estate investors. Since their background is in home building and they are adding stronger and better features to properties, they believe they are adding more value to the residential market.
Most Recommended Comment
New Port Richey, Florida, United States