Rental Property Investor · The Woodlands TX · Member since 2017 · 34 posts · 8 votes
I'm interested in learning about the experience of brick and mortar people, not the gurus. If someone has bought a property, what is your strategy regarding the redemption period?
I'm interested in learning about the experience of brick and mortar people, not the gurus. If someone has bought a property, what is your strategy regarding the redemption period?
I haven't bought one recently. I sent people to the courthouse when I know one is coming up. In fact, I sent someone yesterday for a apartment that's about 10 units and about $1m in a nice area (I'll be vague since it's a well know deal). But it was pulled (as most are)
Last deal I bought was about a year ago. A 6 pack of new construction townhomes in Montrose. About 90% built. We bought, finished them up, sold them (well, all but one. We're still leasing one unit)
I'm not a huge foreclosure buyer but in my life I've bought about 20 deals. None had a redemption.