Need advice on Pre-foreclosure property purchases

[Charles M.]

Hey BP fam, I just signed up for the REI Pro and am looking at Pre-foreclosure units in my area. I called the realtor who I have been using for my rentals and purchases up to this point in my journey. They informed me today that they are not really experienced in dealing with pre-foreclosures procedures such as paying for back payments and taking title of the property and making the payments to the bank until it is sold. i have an new investor who is bringing some decent money to the table to begin flipping properties and I figured the pre-foreclosure strategy would be a very good way to go as we will have money up front. i am just looking for advice on how to talk to the banks. Also if someone is more familiar with the REI pro program I have a few questions.

[Chris Seveney]

@Charles M.

Be careful with pre-foreclosure properties - some states it is considered predatory and illegal.