What’s Your Balance?
Financing outside the box...
I hadn’t heard of this either, but, believe it or not, people are doing it. They are buying foreclosures in Georgia with credit cards.
A good friend of mine said, Carla, you have the money to buy that foreclosure—put it on a credit card. I thought she was crazy, but believe it or not, now you can buy a house, not just a building lot, but a real live house for just over $10,000.
Yes, you need to fix it up, but if the foundation is sound and the framing is OK and interior walls, and fixtures are OK, you’re getting all that AND the land! It’s a beginning. Look at the pictures below of these foreclosure homes that were fabulous deals.
