Real Estate Agent · Fort Worth, TX · Member since 2015 · 92 posts · 10 votes
I was looking at forclosures and saw an apartment buildings that was on the List. I though you could buy these on the court house steps like single family properties, is this not correct? Someone I know said no?!?
Real Estate Broker · Lakeland, FL · Member since 2011 · 305 posts · 181 votes
11y
I have not seen many of these types of properties on the court house steps. Typically, they are owned by larger and smarter investors and the foreclosure chances are less. There are some commercial brokers and wholesalers that specialize on these properties.
I have been looking for this type of properties as well and it seems like the price of these properties has inflated in the last couple of years. The value-add investors have purchased most of them. I would try to market private owners of these properties directly, so you can find a better deal than an advertised property.
Good luck.
Gavin
Lender · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
11y
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Rental Property Investor · Dallas, TX · Member since 2015 · 243 posts · 70 votes
11y
Cynthia:
I am interested in multi family foreclosures in the DFW market. What sources are you using? I am also open to help you with your coordination of the related activities.
I was looking at forclosures and saw an apartment buildings that was on the List. I though you could buy these on the court house steps like single family properties, is this not correct? Someone I know said no?!?
Where exactly is the building located? Was it vacant?