Real Estate Is Very Hot Investment
by Joshua Dorkin on March 13, 2005
Flipping is the practice of buying properties for resale, an investment strategy that has become wildly popular across the country. Disappointed with the stock market and dazzled by double-digit property-appreciation rates, amateur investors – apparently of every income stripe – are investing in real estate in droves.
They are snapping up everything from condo conversions in Chicago suburbs to new three-bedroom ranch homes in the Arizona desert.
Ordinary people, armed with bargain mortgages, pooled family savings and cashed-out home equity, are buying for investment at levels that are starting to worry economic analysts.
Read this article from The Buffalo News
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Joshua DorkinJoshua has written 539 articles for us.
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