Finances, how to buy foreclosed properties
1 Reply
Joshua Pinner
Flipper/Rehabber
posted 5 months ago
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
Eric Johnson
Lender from Chicago, IL
replied 5 months ago
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.