Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Nick Thomas
  • Bealeton, VA
2
Votes |
11
Posts

What strategy shoul I use to purchase properties in foreclosure?

Nick Thomas
  • Bealeton, VA
Posted

I am interested in buying foreclosure for whoelsaling, and for buy & hold purposes. I would like to know what would be the best strategy in doing so.  Should I contact firm selling property or contact owner first?  Also whether I pick chose 1 or 2 what are some ways I can negoiate with these two different types of individuals?  Thank you for anything y'all can share its much appreciated.

Most Popular Reply

User Stats

6,241
Posts
3,801
Votes
Aaron K.
  • Specialist
  • Riverside, CA
3,801
Votes |
6,241
Posts
Aaron K.
  • Specialist
  • Riverside, CA
Replied

If you are going for pre-foreclosure you'll talk to the owner.  If the property has already been foreclosed on then you would be speaking with the lender.  If the property is already on the market the process will be almost identical to any other house purchase.

Loading replies...