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
Buying & Selling Real Estate
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 15 years ago on . Most recent reply

User Stats

20
Posts
5
Votes
Sherri Abrams
  • Connecticut
5
Votes |
20
Posts

distressed properties

Sherri Abrams
  • Connecticut
Posted

I have located a lot of distressed properties in MA. All of them are vacant and I have managed to locate the addresses of some of the owners. My question is, for a newbie investor like myself is this a good start in RE investing ? I want to wholesale deals that other wholesalers seemingly have not touched to avoid competition. I heard from other investors that it can be hard to find these owners but I have been having some success finding their alternative addresses. My other question is, do you think a lot of cash buyers will be interested in properties that have been vacant for over a year if they are at least 30 or 40 percent below market value?

Most Popular Reply

User Stats

470
Posts
315
Votes
Bill Patterson
  • Real Estate Investor
  • Portage, MI
315
Votes |
470
Posts
Bill Patterson
  • Real Estate Investor
  • Portage, MI
Replied

Hi Sherri,
We do short sales and are not best to advise you in wholesaling, but what you are proposing sounds good to me! As far as locating absentee owners....if you work hard, you should be rewarded. Good job, so far in avoiding the easy ones that every other investor goes for!

Why don't you post these questions in the Wholesaling Forum? I'm sure that you can get the answers that will help guide you in your plan.

Welcome to BP!
Bill

Loading replies...