(Bloomberg) — David and Michelle Haisley from Fort Wayne, Ind., weren’t happy with the performance of their retirement funds, so they made another investment — a foreclosed home for $27,000.
Haisley, a heating and air-conditioning technician, says he worked on the house before it went into default and decided to make an offer when he saw it listed at about a third the price of surrounding homes. They’ve already found tenants for the house and David says they’ll buy another foreclosure if they can find the right deal.
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