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Updated over 10 years ago on . Most recent reply
Wholesaling Pre-Foreclosures
Im just getting started with wholesaling and as of lately I've been working on building a cash buyer list. But I was wondering, as a beginner, do you think it is a good idea to get started wholesaling pre-foreclosures? Are there , if any, disadvantages to wholesaling preforeclosures?
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Bill Gulley
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
#3 Guru, Book, & Course Reviews Contributor
- Investor, Entrepreneur, Educator
- Springfield, MO
Welcome to BP Lex.
Yes, there are some serious issues with a newbie trying to wholesale pre-foreclosures, like federal laws about contacting one who has received a notice of foreclosure.
It's been beaten to death here, suggest you use the search box, use your title, it should pull up pages of posts of the pitfalls. :)