Investing in Distressed Real Estate

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I have acquired $150,000 in cash to be used to purchase distressed real estate. I want to maximize my return on my investment both in terms of financial profit and personal satisfaction. I am interested in purchasing a home to live in. I work from home, so the structure must allow for a home office. My needs have changed from a decade ago. I am more aware of things like security, economy, environmental issues, and financial investment. The new millennium has seen a dramatic redefining of value, and wellbeing. This has been prompted in part by war, natural disaster, energy concerns, and economic crisis. Greater awareness in my environment, and advances in technology has highly influenced the way I work and live and how I define security and wellbeing. While looking for a property, I would work with a real estate agent, property inspector, and an appraiser in order to maximize my investment by understanding values and the integrity of any property I may purchase.

Since I will be purchasing a piece of property with the intent of making it my home, the community the property is located in is important to me. I prefer small, quiet, towns. I do not want to fight traffic, noise, and crowds. I am also interested in low property taxes. I find that small rural towns offer these specific features. Older rural communities tend not to attract many new families as a rule, because most people live closer to their work in bigger cities. As a result, property values are often lower than in cities. Greater geographical advantages exist for individuals that work from home. I can live almost anywhere within a four state area. Additional advantages to living in rural communities as compared to a large city, includes lower crime rates, a st...

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Investing in a house that I can live in for the rest of my life is not only doable, but something I hope to be able to do one day. Investing for the immediate and long term, taking into consideration my ideals regarding security, economy, the environment, and financial investment; increases my confidence as a buyer. I do work from home, and I love small rural towns and big old houses. Revitalizing a distressed property in a small or rural town can have a huge positive impact economically on the community. It can provide jobs for local tradesmen and those that sell materials and supplies. Tax revenue from the property allows the local government to meet their obligations. This is how I would invest in my community. Perhaps one day I will have a bed and breakfast. But first, I have to finish my education, something I hope this essay will help me to do.

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