Check out this 2-yr-old foreclosure in Imperial Oaks listed at $141,000. It's a DR Horton home, built about 2 years ago, two story with master up. Based on past experience, I would bid $131,130 (ask me about my formula). If you qualify for an FHA loan with 3 1/2% down (that's $4589 down on 131,000), you would be mortgaging $126,000 . . . Not bad for a 4 bdrm home in a great neighborhood!
E-mail me if you want to go see it!
By the way, 4-bedroom homes in Imperial Oaks are highly sought-after for leases. If you're considering an investment property, this could be the one!
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