Short sales, bank owned and forclosures

[Felicia West]

Hello! I am starting out in my real estate investing journey and was hoping to see if fellow investors recommend pursuing short sales, banked owned properties and foreclosures, versus pursuing typical MLS properties or off market properties with distressed properties or sellers. For those who have invested in short sales, bank owned or forclosures, how did you go about doing this and are there any tips or recommendations you can give? Thanks!

[Felicia West]

Hi Mitch!  I am considering Nevada, Washington and North Carolina.

It does seem that foreclosures may be better to pursue once I gain more experience.  Perhaps short sales are a little bit easier.

Thanks so much for the advice.  I agree that gaining exposure is a good idea before moving on to the harder areas of investing.