Foreclosed and Distressed Investment Properties in Eilat, Israel
Eilat is located in the south of Israel, and is the southernmost city that has the advantage of being located at the northern tip of the Red Sea's Gulf of Aqaba.
Eilat's position as Israel's only port city on the Red Sea gives it unique geographic and economic importance, is a gateway to Africa, the Arabian Peninsula, and Asia.
The locations results in Eilat being a major center for trade, tourism orientated properties that attracts private buyers and international investors.
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
