Right of Redemption advice
I am about to go under contract with a local Credit Union in Alabama to purchase a foreclosure from them. The property will still be eligible for the Right of Redemption for another 6 months. My intent is to BRRRR the property so if the original owner comes back and wants to buy it back, my understanding is I will have to sell it at the current mortgage meaning I would lose any money I have put in for renovations. I am buying for 105K and with 35K, should be worth 200K. Is it worth pursuing and loosing any money invested for rehab? Any thoughts or advice are welcome.