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Old 03-01-2019, 08:54 PM
 
927 posts, read 624,948 times
Reputation: 2166

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Bought for $247,000 in 2014, today's value is a about $375,000, maybe more. So, yes.
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Old Yesterday, 10:47 AM
 
Location: Tampa, FL
367 posts, read 382,659 times
Reputation: 1118
I purchased a foreclosure in late 2010.
The house had no major issues except being a little dirty.

I was able to get the selling bank to pay closing costs.

I paid almost 1/3rd the price of what it previously sold.
Now, houses in the area are selling for more than double what I paid.
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Old Today, 06:40 PM
 
121 posts, read 14,814 times
Reputation: 201
Quote:
Originally Posted by LifeIsGood01 View Post
I did indirectly. I had always rented and didn't think I would qualify for a home, but I moved to a more affordable area about 150 miles from where I lived and I got lucky to buy a home right before prices shot up and I found a starter home in decent shape and in three years it has doubled in price.

My profit wasn't monetary as much as being able to afford a home because prices had dropped after the housing crash and being able to get in before prices shot up around here.

I got a great deal on a home during the collapse. House needed some work, but got it all fixed up and paid off. Value has increased by 50% or so since initial purchase. I feel like another collapse is on the horizon, so I will use it as an opportunity to upgrade.
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Old Today, 07:09 PM
 
1,276 posts, read 367,813 times
Reputation: 1918
I bought a few rental properties and one home at discounted prices. They’ve all gone way up in value.
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