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|• Bargain homes can be a good deal -- which can be hard to ignore for a savvy investor looking to expand their property portfolio.||• Bargain homes are typically not turnkey properties. The reduced price indicates that work -- often extensive work -- needs to be done.|
|• Fix-and-flip investors especially can get more value for less money -- even if it means pouring a considerable amount into a renovation.||• They might not be the best move for new investors, who are likely wary of taking on that much risk early on.|
|• Bargain homes are good "starter homes." Even those not interested in real estate investing can make upgrades and later flip their own home when it's time to move on.||• There's a fine line between putting some cash into upgrades and having your new investment property turn into a money pit.|
|• They are a good move if you have a flexible time frame for moving in or fixing and flipping.||• They are not ideal if you're on a tight time frame for repaying a loan.|
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