Buy From Owners on Auction List
Hello and thank you for taking the time to read this.
I want to buy a home and rent it out but the current market is too rich for my savings. With 20% down and another 10k for repairs and updates, I would need about 10k more than I already have, which will set me back a few years.
This forced me to consider alternatives to MLS listed homes for sale and led me to my county auctions. Again, I don't have the money to outright purchase the homes, but I was thinking about contacting the owners on the list to work out some sort of FSBO deal.
If anyone has any experience with this strategy I would love to hear about it.
Thanks,
Zack