Updated almost 11 years ago on . Most recent reply

Preforeclosure Selections
Hey Everyone,
I have decided to get into the pre-foreclosure area because of the win-win situation I can achieve on every deal. Unfortunately, I understand that there are just some situations that are not able to be saved. When looking for a good house to look deeper into, what are your parameters? What do you look for in an investable Pre-foreclosure property?
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My intentions would to pay their property debt and give them some money for their equity in the property and help them move. I would literally help them move stuff onto and off of trucks. It would have to be a house by house basis to see if I would keep it for rental or "flip" it. But I would give them full disclosure in what I would potentially do with their house and if they weren't fine with it I wouldn't do a deal with them. I'm not trying to rip people off but find a solution for both of our needs.