Updated about 7 years ago on . Most recent reply
Is there money in this strategy? $$$$
Hello BP members!
So my question is, is there anyone with any Experience in surplus funds and do you need any type of license to start?
What I know from from looking up some info on YouTube is
1- you look up properties that have been foreclosed on
2-Make sure that in auction the price sold a lot higher than what the house used to owe.
3- Contact the old owner of the house and tell them that the county has surplus fund for them ( if it was foreclosed on for $50k and it sold in auction for $75K- $25k belongs to the old owner)
4- by helping the owner get the money that he is owed you can charge a small fee?
Is there anyone here that have done these type of deals?? Or someone you know? And how can you start?