Finances, how to buy foreclosed properties

Finances, how to buy foreclosed properties

Flipper/Rehabber · Member since 2020 · 3 posts · 1 vote

Looking to begin purchasing our first foreclosed property, excited to start. What opinions or recommendations do you have for financially supporting the purchase and rehab of a unit? Looking for advice or what experience everyone has on starting and how

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  • Lender · Chicago, IL · Member since 2016 · 653 posts · 313 votes
    6y

    Go to the common bidding sites and call all the REO brokers in your area... line up some hard money to finance the acquisition & rehab. Make sure you know your ARVs and REO buy-in prices for your area.

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