Any tips for picking good foreclosured properties?

Question

Hi everyone,

Would anyone have tips on buying good foreclosure properties? Especially for someone who is out-of-state?

Zacher Bayonne · Answer

Hi Ron,

Thanks for your reply. Let me clarify: I am not looking for general real estate advice, rather best practices on buying foreclosed properties as a new investor who happens to be out-of-state. There's the obvious such as: choosing a good location, conducting a title search, and making sure you don't go over your set price; however, I was looking for best practices on avoiding duds properties (e.g. properties with folks who won't move out, or properties where the previous occupants put cement down the drains, etc.).

Thanks for your time!

Ron S. · Answer

buy low? Sell high? C'mon, you didn't actually expect an answer with any substance with a question like that did you?

Any tips for picking good foreclosured properties?

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