Rental income from Residential properties is still one of the most reliable ways to build wealth for average investors. And Short Sales, REOs and Auction home represent the greatest opportunity to acquire rental properties. However, knowing the trends in Foreclosures should help these investors identify the best markets to target for acquisition.
For instance, foreclosure filing in Santa Clara county have dropped 41% according to Foreclosure Radar which tracks the Foreclosure activity across several Western States. However, the notice of Sales have increased by 38% which could be an indicator that the number of foreclosures could increase in the coming months. Does this mean there are no good investment opportunities in Santa Clara county!? Our answer is a resounding no since we have a Willow Glenn Short Sale listing that with great potential for rental income and perhaps a flip after some repairs.
Closer to home in Campbell, CA the picture is improving due to Great Public School where the demand continues to outpace the inventory of available homes for sale. Also the graph below show the Foreclosure filings in Campbell which indicate that BOTH Notice of Default and Notice of Sale filings have jumped 166 and 400 percent respectively! That is a significant increase which means that there should be additional REO, Short Sale and Auction properties in Campbell in the coming months.
So, the fall of 2103 is shaping up to be an interesting season if you are looking for Short Sales, REOs or Auction homes in Campbell, California. You can visit our Foreclosure Listing page to locate distressed properties in Campbell. You can also contact us to learn more about strategies to profit from purchasing REOs, Short Sales or Auction homes.
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