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Flipping Homes No Longer Profitable

More than 1 in 3 foreclosures are of investment owned properties, and should the foreclosure epidemic worsen as forecast that number is expected to rise as more investors walk away from mortgages.

During the real estate boom investors and speculators bought homes, fixed them up and many sold within months. But the real estate crash prevents them from doing just that. Living in a home intended to be an investment property has become the answer for some investors, while others select to rent the property. More than 240,000 homes sit vacant nationwide, according to the U.S. Census Bureau.
 

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