Are Foreclosures Really The Way To Go?

[Terrill Clark]

Hey BP Family, Whenever the conversation of me getting into real estate comes up, everyone tells me to look for foreclosures but are they really the way to go? There are so many foreclosures around but they never have pictures of the property online and I'm not sure if they're even worth reaching out to the real estate agents to see them I heard Jay Mr Realestate on YouTube say "a foreclosure isn't a deal, a deal is a deal" Thoughts?

[William Brown]

There are no yeses or nos in this game. You could be sitting in a goldmine market of foreclosures that are great deals, and you just have to uncover them. Likely? No.

But these days everyone is trying to get a slice of the pie, so your competition is likely going to be higher elsewhere.

Try it? Talk to some local investors, and try to find some that focus on foreclosures. If there aren't any, either it's likely foreclosures in your area aren't really good, or they are really really good and your competition is low.

Good luck!