Foreclosure shopping options

7 Replies

@Mahdi Mortazavi

Are you first time home buyer?

If yes, Use fha and buy with 3.5% down or 203k renovation loan. Live on for one year and concert to investment holding.

look for bank owned reos (after sherrof sales). Realtors lost them on MLS or carry them as pocket listing in Broward and Dade counties.

FHA is Not just for first time home buyers. You can own 10 rentals and still get an fha loan....you just have to agree to owner occupy for at least one year.