In 2009, the real estate market was still reeling from the subprime mortgage crisis of 2008. However, there were still opportunities to make money in real estate, even in a down market.
One way to make money in real estate in 2009 was to buy foreclosed homes. Foreclosed homes are properties that have been repossessed by the bank after the owner defaulted on their mortgage. These homes are often sold at a discount, which can provide a great opportunity for investors to make a profit.