It has been an active week for Seattle condo foreclosures. Take a look at this one. You’ll probably recognize the building. The unit going to auction is 561sf on the 4th floor (413). In August of 2006 this unit sold for $226,900. Today its auction price is $75,509. This is a 67% reduction in price from the last market sale. For the investors out there, prices like these create opportunities to purchase, rent and enjoy a couple hundred dollars a month in passive income. We haven’t talked much about cash flow in years. Happy condo hunting this weekend.
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