What are thr best ways to acquire REO's in Pittsburgh?

What are thr best ways to acquire REO's in Pittsburgh?

Member since 2020 · 6 posts · 2 votes

I am currently a new investor from New York and am interested in acquiring REO's and Short Sales in Pittsburgh. What are the best ways to acquire them?

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Real Estate Agent · Pittsburgh, PA · Member since 2015 · 1k+ posts · 846 votes
5y
Originally posted by @Michael Fierro:

I am currently a new investor from New York and am interested in acquiring REO's and Short Sales in Pittsburgh. What are the best ways to acquire them?

 Cash

No contingencies

As quick as possible closing

Be quick to offer

Pay more than the next person

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  • Investor · Cleveland, OH · Member since 2015 · 6k+ posts · 2k+ votes
    5y

    @Michael Fierro, er, put in the best offer?...

  • Investor · Columbus, OH · Member since 2017 · 861 posts · 1k+ votes
    5y

    It's not 2011 anymore, in my market its very rare for a foreclosure to even become a REO (aka bank-owned), they get snapped up at the auction.. Same with short sales I imagine, probably wholesalers and other investors are negotiating with the owner as soon as they go lis pendens. It's rare to see either on the MLS lately.

  • Real Estate Agent · Pittsburgh, PA · Member since 2015 · 1k+ posts · 846 votes
    5y
    Originally posted by @Michael Fierro:

    I am currently a new investor from New York and am interested in acquiring REO's and Short Sales in Pittsburgh. What are the best ways to acquire them?

     Cash

    No contingencies

    As quick as possible closing

    Be quick to offer

    Pay more than the next person

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