Updated almost 5 years ago on . Most recent reply
Tips on buying foreclosures
Hi there, we are a newbie investor who currently own one property and waiting to close on our second one. Our target is SFH in our local area in Haughton/Bossier Louisiana. We had issues with closing a deal because the sellers were not willing to fix major issues that we asked for (we walked away with 3 so far and wasted our time and money). We saw this foreclosure property that was relisted due to the buyer's financing fell through) and we made an offer on it (pending approval). Is buying REO or foreclosures better since we would know from the start that the property is SOLD as IS? Thank y'all for your opinions in advance!