Using A Credit Union To Find Cheap Houses and other investments
It’s on again. That darn infomercial. It keeps calling me telling me how I can make all that money. Money investing in real estate. Seems like we are in a great time to become a real estate leader just because the mortgage market is tanking, and there should be a great number of homes that will come available at below market rates just so the bank can make back some of the money on their investments.
One thing I’ve found is a great place to buy cheap automobiles is Credit Unions. A credit union is a cooperative which operates similarly to a bank, but is owned and controlled by people who use its services.
If you aren’t already a member of your local credit union you should be. Head on over to a credit union, develop a good working relationship with your local loan rep, and have him keep foreclosed property in a certain range in mind for you. It’s a great way to find cheap, undervalued homes that they are looking to sell quickly in order to keep the Credit Union profitable. Unlike a bank it’s about keeping the shareholders happy and keeping the nonprofit open. You can also use this to find other investment deals like automobiles that have been repossessed.
Here’s a great site you can use to find credit unions .
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