I have recently added a new affiliate advertiser to Passive Family Income (PFI) called Foreclosure.com
. In an ongoing effort to create multiple streams of income (hopefully as passive as possible), I am investigating the world of foreclosures and the possibility of acquiring my first rental property. I believe that in the current marketplace, there is an excellent opportunity to invest in foreclosed properties. I will admit, however that I know very little about foreclosures and obtaining rental property. I also understand that having rental properties is not as passive as what it may appear to be on paper. With all the being said, I plan on beginning my research into this potential for a new income stream. I also hope that some of my readers will be able to provide some real life experiences (good and bad) into the world of rental properties.
I am going to start my investigation of foreclosed properties using the new affiliate – Foreclosure.com. They are currently offering a 7-day free trial period which I signed up for a few days ago. Just last evening, I found a home about 4 miles from where I live listed at $40,000. It also estimated that the home was worth around $100,000! Is this too good to be true? Probably, but I am still intrigued by the possibilities. I also found several listings for Tax Lien opportunities which is also another interest of mine.
At this time, I am only trying to learn about foreclosed properties and am using this 7-day free trial period for my investigation. Once the trial period is over, I will close out the account as there is a $9.95 weekly fee to retain the access. I will be providing results on my findings using this free trial period once it is complete. If you are interested in learning more about foreclosed properties, consider signing up for the free 7-day trial period using the link below. Yes – I do get a commission if you sign up.
Foreclosure.com–Start Your Free 7-Day Trial Today!!
Do you use any online sites to research foreclosure properties? Do you own rental properties?
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foreclosures
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I own rental properties. My ex and I had two, and now the house I am in has an apartment unit in it. It is not NEARLY as passive as it seems. Already (after taking over as landlord 9 days ago) I am working fixing her toilet. On a Foreclosure too, you may have to do A LOT of work to bring it up to code. Not saying it isn’t worth it, but it is something to think about.
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