This week's deal is in Modesto on Ortega Avenue near Coffee and Briggsmore and Memorial Hospital. The area is close to schools and transportation routes making for a very convenient location. The home is a three bedroom, 2 bathroom and 1350 square feet on a large lot- priced at an incredible $89,900.
Why is it a good deal? This home is not only a good deal for owner occupants, it is a good deal for investors. The same model home has sold recently in the neighborhood for upwards of $120,000 so with a little sprucing up the home could be an incredible rental. As a first time buyer it is a great opportunity to enter into the housing market in a home that you can customize to your specifications over time and build equity. Since there are similar homes in the area that have sold for much more than this home buying at the low end of the neighborhood spectrum will help you build equity more quickly in this stagnant market we are in.
No comments:
Post a Comment