Back in 2011, Christina and Brian Jenkins decided to take up a sideline as landlords. Since then, they’ve acquired three rental houses in the St. Louis area. Two of them were foreclosures. They have advice for those who want to pick up a foreclosed house on the cheap.. “You have to go through a lot of frogs before you find a prince,” said Christina Jenkins. The “frogs” might have ripped-out plumbing, or a crumbling roof or an air conditioner that disappeared. The “princes” sit in nice neighborhoods and need some paint, carpeting and other minor fixes. All the properties have one thing in common — they’re usually cheap compared with houses of similar size in the neighborhood. That’s what...
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