Real Estate Tourists Venture Out on “Foreclosure Safari”
It’s a safari unlike any you’ve seen before– it’s in your neighborhoods. More than 40 people took a bus tour of foreclosed homes around the Tri-Cities Saturday.
“We’ve got a lot of eager buyers on that bus!” said mortgage planner Dana Mundy, who helped organize and guide the tour.
Some of the tourists were looking to buy and sell homes, others were looking to rent houses out. All were there to take advantage of the mortgage crisis.
“It kind of opened my mind to the idea of investment property,” said Korey Vankampen, who went along for the tour. “Just the way people can do that and make a pretty good income off of buying property for a really good price, and then renting it out or fixing it up and reselling it.”
Another “foreclosure tourist,” Julie Molvik, agreed that buying foreclosed real estate is a creative way to turn a profit.
“We were looking for something that we could invest in, or maybe something we could fix up and maybe something we could rent out or resell, flip.”……………
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