Updated 4 months ago on . Most recent reply
Advice on Buying and Flipping Bank Owned Properties
Hey everyone, I've invested in 3 rental properties, and the investments have been great!
However, I've been approached by a GC that I trust, who wants to partner with me on flipping properties.
This will allow me to continue to work my W-2, while he is the GC, we have a JV put in place for profits and expenses.
As I research which properties to target, I see bank owned properties as options. However, other than buying the property AS IS, what other concerns should I be aware of and or factor in targeting these properties? Old Property taxes would be an issue right?