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
Foreclosures
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 about 10 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Josh Moore
  • Flipper/Rehabber
  • Charlotte, NC
1
Votes |
15
Posts

Buying a Foreclosure REO

Josh Moore
  • Flipper/Rehabber
  • Charlotte, NC
Posted

Hello Biggerpockets community, I had a quick question for anyone with more experience with REO and foreclosure listings. I recently found a Duplex 2 unit building in a great area and in need of cosmetic work from the outside and have no clue about the inside. I was told it was tenant occupied and i could not see the inside, Was sold as is, where is. There are no inspection or financing contingencies and the value was said to be $155,000 for the building. I currently have most of my cash tied up in other investment flips and don't have the cash to buy but can easily get a loan for the building after purchasing it Any advice or ideas on how to purchase such a building? It was listed nationwide on an auction website and I really hate to pass this deal up. Auction started today and only a few more days left. Would greatly appreciate any help. Thank you for reading.

Loading replies...