Bank-owned condos priced at less than $60,000. are generating activity in the local Orlando housing market. Private investors from everywhere are buying. Due to the fact that it is still difficult to get a condo loan, people who have $50,000. cash to invest are coming out of the woodwork. Cash deals make the investments work for them now by collecting rent on a property that has no mortgage and then selling for a large profit three to five years down the road. When prices fall it is advantageous to buy.
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The source of the listing data is as follows:
My Florida Regional MLS (updated 6/20/18)