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Foreclosures

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Jay B.
  • Beaumont, TX
8
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23
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How to buy Bankruptcy , Pre Foreclosure, Foreclosure Listings Etc

Jay B.
  • Beaumont, TX
Posted May 9 2022, 15:29

Hi, BP Folks. We seem to have hit a wall. And needing advice on finding deals. I've been buying SFR rentals for a few years now. ( 4 currently 3 of which i found myself) and dealt with the owner directly. Things have been going pretty well. Cash flow is around $1200 a month from all 4 . We did a BRRR and flipped a couple houses the last couple years also. They took longer then planned but we made out pretty good on those. My question is do we keep buying rentals/flips now with prices so inflated and inventory so tight? Just looking for alternative ways to ramp things up. I'm open to foreclosures etc. I prefer being able to get inside and see what all's needed.

Appreciate any help.

Jay

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Andrew Freed
  • Investor
  • Worcester, MA
1,275
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1,135
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Andrew Freed
  • Investor
  • Worcester, MA
Replied May 9 2022, 15:35

@Jay B. - Try calling landlords who post their properties for rent. I know of a few instances where my landlord friends picked up properties this way. You'd be surprised how many landlords will be open to selling if they had a bad tenant or long vacancies. 

User Stats

23
Posts
8
Votes
Jay B.
  • Beaumont, TX
8
Votes |
23
Posts
Jay B.
  • Beaumont, TX
Replied May 9 2022, 16:39
Quote from @Andrew Freed:

@Jay B. - Try calling landlords who post their properties for rent. I know of a few instances where my landlord friends picked up properties this way. You'd be surprised how many landlords will be open to selling if they had a bad tenant or long vacancies. 


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User Stats

23
Posts
8
Votes
Jay B.
  • Beaumont, TX
8
Votes |
23
Posts
Jay B.
  • Beaumont, TX
Replied May 9 2022, 16:40
Quote from @Andrew Freed:

@Jay B. - Try calling landlords who post their properties for rent. I know of a few instances where my landlord friends picked up properties this way. You'd be surprised how many landlords will be open to selling if they had a bad tenant or long vacancies. 


User Stats

23
Posts
8
Votes
Jay B.
  • Beaumont, TX
8
Votes |
23
Posts
Jay B.
  • Beaumont, TX
Replied May 9 2022, 16:43
Quote from @Andrew Freed:

@Jay B. - Try calling landlords who post their properties for rent. I know of a few instances where my landlord friends picked up properties this way. You'd be surprised how many landlords will be open to selling if they had a bad tenant 


I’ll give it a shot. I definitely get my share of calls asking me the same thing. 

Thank You